Battery prices are coming down fast.
Tesla and the iPhone Moment: "The major reason is battery costs. Five years ago a lithium-ion battery pack for an EV cost $1,000 per kWh meaning that a standard 60kWh battery pack then was costing $60,000. Today GM is buying those batteries for its Chevrolet Bolt or as it called in Europe the Opel Ampera which will come on the market later this year for under $150 a kWH or $9,000 per car. And with range improving (383km or 238 miles for the Bolt) and further cost reductions coming cost parity with the internal combustion engine the “ICE” is in sight."
'via Blog this'