During one of the sessions at the Electric Drive Transportation Association meeting here alongside the Washington Auto Show, our friend Felix Kramer from CalCars got an answer to a question that's been on his mind for a while: just how much will large-format lithium-ion batteries cost in five or ten years?
Lithium Battery Cost
At an Automotive Press Association meeting this week, the Boston Consulting Group (BCG) released the results of a new cost study on battery electric vehicles and it doesn't look good for electric vehicle fans. BCG thinks it is unlikely that the cost of batteries will drop nearly enough to make EVs price competitive with internal combustion vehicles in the next decade without continued tax incentives. The current $7,500 federal tax break for plug-in buyers is unlikely to still be in place by 2020