The reason that, despite a surge in sales of electric cars last year, they are still being overshadowed by petrol/diesel cars is the high cost of the batteries say innovators. Home energy generation has blossomed in the UK over the past four years, with an estimated 670,000 homes fitted with solar panels. In fact, according to one report, the price of lithium-ion battery packs has fallen from $US100 per kilowatt hour (kWh) at its peak in 2008 to just over $50 today. Faradion is in the process of getting a license for the technology. The market for large-scale batteries is due to grow rapidly as demand increases for home storage units as well as electric cars.
The reason that, despite a surge in sales of electric cars last year, they are still being overshadowed by petrol/diesel cars is the high cost of the batteries say innovators. In fact, according to one report, the price of lithium-ion battery packs has fallen from $US100 per kilowatt hour (kWh) at its peak in 2008 to just over $50 today. Faradion is in the process of getting a license for the technology. The market for large-scale batteries is due to grow rapidly as demand increases for home storage units as well as electric cars.