Will Li-Ion Battery Tech be Sufficient for EVs to be Competitve or is a Chemical Breakthrough Needed?

Will Li-Ion Battery Tech be Sufficient for EVs to be Competitve or is a Chemical Breakthrough Needed?:

Some arguments against electric vehicles are difficult to counter, while others are not.


Battery cost is one of those arguments often presented that can't be dismissed with ease. Most studies continually suggest that batter prices will fall rapidly in the coming years, but the reality today is that the lithium-ion battery pack that powers the current crop of electric vehicles is expensive. Some reports put the average lithium-ion pack price at approximately $15,000.


But that will drop quickly over time, right? Well, as Fred Schlachter writes in a recent issue of Proceedings of the National Academy of Science, battery prices will indeed drop, but at nowhere near the rapid pace some predict.
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