U.S. Energy Secretary Steven Chu estimates that plug-in vehicle battery costs will have dropped 70 percent between 2008 and 2015 and will fall another 58 percent between 2015 and 2020, giving hope to electric-drive vehicle advocates that the price premium for plug-ins relative to conventional vehicles will narrow during the next few years. Chu also said that the U.S. Energy Department is opening a research center dedicated to improve battery and energy-storage technologies for the transportation
Detroit Economic Club
It's my equity firm and I'll cry if I want to. Cerberus Chairman John Snow has hopefully for the time being satiated his craving for whine after his address to the Detroit Economic Club. Apparently he thinks he knows all since he helped design the first CAFE standards 31 years ago. Impressive. He stated that the "one-sided" standards, if passed, will put domestic car companies out of business, cost the U.S. lots of jobs, and make him cry. I added that last part.