Car Electric Battery Prices Dropped In Half Since 2008?

A chart in Technology Review shows a decline in electric vehicle battery prices from $1000 per kwh to $485 per kwh since 2008. Realistic? Suppose the $485/kwh number is correct. Then the 24 kwh Nissan Leaf lithium battery costs Nissan about $11600. Add in other costs including retail mark-up and it suggests the the approximately $30k Nissan Leaf gets sold at a loss. Nissan, GM, and other EV makers don't admit to selling at a loss. But batteries are still very expensive. The Chevy Volt uses a 16.5 kwh battery which would cost about $8k at $485/kwh. The Ford Focus Electric, with a 23 kwh battery is getting a $4k price cut to $36k. That 23 kwh battery costs over...

Source: FuturePundit - August 3, 2013 Category: Health Medicine and Bioethics Commentators Authors: Randall Parker Source Type: blogs