The Truth About Cars » li-on http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Mon, 28 Jul 2014 21:27:46 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.1 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars » li-on http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com EV Batteries Set For 70 percent Price Drop By 2025: McKinsey Study http://www.thetruthaboutcars.com/2012/07/ev-batteries-set-for-70-percent-price-drop-by-2025-mckinsey-study/ http://www.thetruthaboutcars.com/2012/07/ev-batteries-set-for-70-percent-price-drop-by-2025-mckinsey-study/#comments Thu, 12 Jul 2012 13:21:13 +0000 http://www.thetruthaboutcars.com/?p=452299

A study by consulting firm McKinsey says that the cost of the lithium-ion batteries used in electric vehicles could tumble by as much as 70 percent by 2025, thanks to a combination of factors.

Widespread production of li-on batteries could be one of the main factors. Reuters explains that

McKinsey predicts the price of a complete lithium-ion battery pack could fall from between $500 and $600 per kilowatt hour now to about $200 in 2020 and to $160 by 2025. If gasoline prices hover around $3.50 per gallon or higher, automakers that purchase batteries at $250 per kilowatt hour could offer electrified vehicles that can compete with cars and trucks powered by advanced internal-combustion engines, which are now significantly cheaper.

Consumer electronics manufacturers are also expected to help make battery technology more viable, as their R&D could lead to faster charging times and longer battery life. While Apple is cited as one of the pioneers of improving li-on batteries, a more apt analogy might be that of laptop computers; 15 years ago, laptops were bulky, cumbersome and heavy with utterly dismal battery life. Today, a MacBook Air with 7 hours of battery time can be had – maybe not cheaply, but available to a broad segment of the market. It’s inevitable that EV batteries are destined for the same progression, but widespread adoption isn’t necessarily¬†guaranteed.

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