Lithium Ion Batteries May Drop Electric Car Prices

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Lithium Ion Batteries May Drop Car Prices

Toyota and other are testing lower cost rechargeable batteries in hopes ll make the vehicles more

By Esther Shein. InformationWeek

8, 2010 03:43 PM

Automakers, Toyota, Daimler, and Bayerische Werke, are testing lithium ion assembled by Silicon Valley Tesla Motors to power cars.

The lithium ion batteries less than larger developed exclusively for cars and by automakers like General Nissan, and Mitsubishi. Tesla s sports car, which for $109,000, is powered by a pack of Panasonic cylinder-shaped cells provides up to 245 miles per charge, reported.

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Sales of lithium ion batteries more than triple to $60 in the next 10 years, according to the s largest maker of the batteries, Electric, Bloomberg said. of scale may help cut manufacturing and sticker prices of rechargeable electronic batteries for the burgeoning car industry, an analyst at Tokyo-based Research Japan told

It may lead to the total component of an electric car getting lower that of a gasoline car, Endo said. As the cost there ll be more likelihood retail prices of electric will drop.

Presently, consumers pay higher for electric volt-powered vehicles, are more expensive than of the cars sold, Bloomberg due to the high cost of batteries. The Volt sells for $41,000 and the Leaf is $32,780.

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Eliica (Electric Lithium-Ion Car)
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Eliica (Electric Lithium-Ion Car)
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