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Ener1, Inc. has named Christopher Cowger, former corporate vice president and general manager for semiconductor firm Advanced Micro Devices (AMD), as chief executive officer of its lithium-ion battery subsidiary EnerDel. Cowger was also appointed as president of Ener1.

Just the other day we were asking ourselves if the price of the most expensive component of electric cars, the lithium ion batteries, will ever come down. As if to answer our query Charles Gassenheimer, Chief Executive over at battery maker Ener1, has come back with the answer we hoped to hear. Yes! And we're not talking about a small fraction of a reduction but rather a full 50 percent. Of course this kind of sea change in price will require a huge increase in volume. Gassenheimer says they wil