Electric vehicle battery cost may drop 70% by 2025

by Deepa Seetharaman
July 11, 2012

The cost of lithium-ion batteries used in electrified vehicles could tumble by more than 70 percent by 2025 as rising oil prices and stringent fuel economy standards push automakers to build more of these cars, according to a McKinsey & Co study released on Wednesday…

“Cheaper batteries could enable the broader adoption of electrified vehicles, potentially disrupting the transportation, power and petroleum sectors,” McKinsey wrote.

Read more…


Opinion and Analysis