According to three different companies, the price per kilowatt hour of a lithium-ion battery could drop from $500 to less than $200 by the year 2020, or as much as a third of current cost. In a Plug-In Cars report, Navigant Research is the latest company to make the claim, citing innovations in the ways in which batteries are made that would allow for a reduction in some of its most expensive components, such as cobalt.
A similar prediction was made last July in a report done by McKinney & Co. which stated that the price of lithium-ion batteries would fall to $200/Kwh by 2020, and $160 by 2025. Tesla CEO Elon Musk was the first to foresee that prices would drop below $200/Kwh back in early 2012. Such a price cut would reduce the cost of an electric vehicle like the Chevrolet Volt and Spark EV (or their next renditions) by as much as $2,000, giving EVs a more competitive chance with lower-priced conventional vehicles. Although electric vehicle sales have been on the rise, they still only make up less than 1% of all new-car sales. If the price of lithium-ion batteries drops as predicted, it is estimated that electric vehicles could capture as much as 5% of the new-car market by 2020.
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Some scientists in S.Korea just figured out a way to make graphene story basically the same amount of energy as a comparable Li-ion battery except the graphene charged in just 16 seconds. One gram (0.0022lbs) of this particular form of graphene has the surface area of a basketball (so it is super light and the large surface area can store a lot of energy). Plus there are no chemicals. The life and safety of graphene is unchanging during it’s operation.
This is the next step.
Yes, this is the future for sure. Some try to claim that this tech will not necessarily develop so it may not take over. That is a ridiculous notion to me. It is very difficult to predict of course, but I’m guessing that EVs will have half the market by the end of the 20s and gas cars will be pretty much gone by the end of the 30s. And while the internal combustion engine has been great since the late nineteenth century, it has pretty much run its course and few will miss it when it goes the way of the dodo. And no, I do not spend my weekends hugging trees.
Well this was the whole point of making most of these electric cars even at the higher prices and lower ranges. If there was no electric car market few would be investing as they are now for better parts for these cars. If these suppliers can make money they will develop and build these things.
While there perfect battery may still be off a while things will still get cheaper and show some improvements as we go.
The Automakers had to make a try at this as they can not meet the coming standards in vehicles most of want with out the help of these alternative vehicles.
While I may never own an electric it may help me be able to buy a V8 Vette in the future. Gas engines may need a little help in the future but they are not going to be gone anything soon.
Tesla stated a few months ago that the price of lithium battery is already nearly at 200$/kwh. To me, it looks pretty clear that we will reach this price before 2020.
Francis – a link to Tesla’s $200/kWh statement?
Source: http://green.autoblog.com/2012/02/21/battery-cost-dropping-below-200-per-kwh-soon-says-teslas-elon/
“”I do think that cost per kilowatt hour (kWh) at the cell level will decline below that, below $200, in the not-too-distant future.” – Musk
While not exactly stating that $200/Kwh is coming, he suggested such an achievement is possible.
A TRILLION DOLLAR SCHEME THAT “BLEW UP”! THE TRUTH IS OUT! ONE OF THE
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