It’s all about the batteries …
“Significant reductions in battery cost are imperative for the electric vehicle industry to grow.” –Pike Research
It’s no secret that some of the major impediments facing the electric vehicle (EV) industry – with range and sticker price among them – all largely devolve from the limitations imposed by today’s battery technology.
For starters, batteries are incredibly expensive – especially the lithium-ion types now being favored by automakers – and they are going to remain pricey for some time as a variety of companies continue seeking ways to boost battery power density while reducing weight simultaneously.
That means, for the foreseeable future, battery technology development is going to remain locked in the research and development stage – not a stage that makes EV pricing attractive to everyday motorists. more






