Swedish researchers Björn Nykvist and Måns Nilsson wondered how accurate projections on electric car battery costs have been over the last decade. They evaluated 80 separate studies on battery costs. Writing in the abstract to their pier-reviewed paper published in Nature, they note "that industry-wide cost estimates declined by approximately 14% annually between 2007 and 2014, from above US$1,000 per kWh to around US$410 per kWh..."
In fact, cost declines have been even more aggressive, it turns out. In the case of the two biggest pure electric car sellers, Nykvist and Nilsson found their costs were at or below $300 kWh.
This strongly suggests that within five years, electric cars will be cost competitive with ICE-age automobiles. Of course, sticker prices are only part of the challenge of introducing electric cars. Range and recharge times are still concerns for most potential buyers. Here there is promising progress as well, as EV World's interview with UCLA researcher Maher El-Kady reveals. Watch for that interview next week.
Scooter maker debuts both a two-seat electric city car plus a flatbed electric utility truck.
Vintage replica electric touring car that is designed to replace horse-drawn carriages in Central Park would cost between $150-175,000 apiece.
Commissioned by NYClass, this seven passenger electric antique touring car, was developed to be a humane replacement for the horse carriages of New York City's Central Park.