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 Manufacturing
Battery manufacturer Valence Technology has big plans to expand its manufacturing capacity. To help pay for the investment, the Austin, Texas-based company has applied for a $225 million grant from the U.S. Department of Energy through the Electric Drive Vehicle Battery and Component Manufacturing Initiative. Valence plans to put another $359.4 million from other state and local incentive programs into the project.