Obviously, there’s no way to know if either estimate is even close to reality. However, significant and continuing reduction in battery costs will put an end to the primary deterrent. Then, it is just a matter of time.
Study: Electric Car Battery Costs Declined By 35 Percent From 2014 To 2015
Most experts and consumers agree fully that the cost factor of electric vehicles is the main inhibitor of sale and mass adoption. The cost of electrified vehicles is contingent on lithium-ion battery costs. According to a recent study, costs are declining substantially and rapidly.
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