"And then the world starts to get interesting."
Joel Levin, executive director of Plug In America, made this candid statement in a recent interview with Utility Dive: Energy and Utility News. He believes the continuing decline in battery costs for electric vehicles (EVs) will soon dispel range anxiety concerns and allow EVs to become a practical and desirable frontrunner in the automobile industry.
Over the last decade, EV battery costs have fallen from $1,183/kWh to $135/kWh, dropping about 15% annually as batteries were manufactured to be smaller, more powerful and dense. This month, a historic milestone was achieved when a battery for electric buses in China dropped under $100/kWh. In the U.S., government and industry experts speculate that costs for passenger EVs could drop to $80/kWh by 2030—or sooner.
Read on to see how declining battery costs are key to speeding the adoption of EVs: http://ow.ly/BbQJ50CP6BR