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In a December 2010 study, Deutsche Bank (DB) analysts revisited some figures posted in its previous report and lowered their projected future costs for automotive batteries. DB's December 2010 study pegged the cost of lithium-ion batteries at $250 per kWh by 2020, a substantial reduction from the $350 per kWh it forecasted back in November 2009. After speaking with industry experts and numerous automakers, the DB team concluded that its November 2009 forecast for li-ion battery costs was out of

If a report in the Times of London is accurate, it would go a long way toward explaining Nissan's claims that the Leaf electric car will be profitable at just $33,000. The report, which focuses mainly on Nissan executive Andy Palmer, states that the 24 kilowatt-hour lithium ion battery pack for the EV costs only £6,000 (about $9,000) to produce. That works out to just $375 per kWh, a figure that no one else in the industry is currently claiming is possible.