According to three different companies, the price per kilowatt hour of a lithium-ion battery could drop from $500 to less than $200 by the year 2020, or as much as a third of current cost. In a Plug-In Cars report, Navigant Research is the latest company to make the claim, citing innovations in the ways in which batteries are made that would allow for a reduction in some of its most expensive components, such as cobalt.
Such a price cut would reduce the cost of an electric vehicle like the Chevrolet Volt and Spark EV (or their next renditions) by as much as $2,000, giving EVs a more competitive chance with lower-priced
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