Electric cars may seem like a niche product that only wealthy people can afford, but a new analysis suggests that they may be close to competing with or 4
The true cost of lithium-ion batteries in electric cars is a secret closely held by manufacturers. And estimates of the cost vary widely, making it tough to determine just how much lower they must go before electric vehicles with long ranges can be affordable for most buyers. But a peer-reviewed study of more than 80 estimates reported between 2007 and 2014 determined that the costs of battery packs are “much lower” than widely assumed by energy-policy analysts.
