Experts see cost cuts for electric cars
DETROIT--Although a technological breakthrough for batteries is unlikely before 2020, industry experts say the case for electric vehicles will improve significantly in the next few years.
Jon Bereisa, CEO of consulting firm Auto Lectrification, said at the Automotive News Green Car Conference here last week that costs of such items as the lithium ion batteries will drop as automakers boost production and achieve economies of scale.
Right now the battery costs are prohibitive for many drivers. For example, the Chevrolet Volt hybrid's battery, which holds the energy equivalent of about 1 gallon of gasoline, costs about $8,000, Bereisa … Read more