Tue, 30 May 2017
Half of the cost of an electric car is from the battery packs and cost of these battery packs are projected to fall 77% by 2025! Just back in 2010 it cost $1000 per kWh and today Tesla is doing it at a cost of $190 per kWh. So prices have already fallen significantly and will continue this trend. This is encouraging to see and this is why we don’t need to subsidize and encourage people to go “green.” When the price is right because of production prices have drastically fallen then the consumer will step up to the plate and make the transition from a conventional gasoline engine to an electric car. Isn’t the free market a beautiful thing?