Could the Pricetag for EVs Drop Soon?
Electric cars haven’t exactly taken the country by storm (yet), and even with gas hovering around the $4 a gallon mark, sales are sluggish at best. Today, we are miles away from the government’s prediction that there will be 1 million EVs on the road by 2015, although they areoutselling hybrids by nearly a two-to-one margin.
Part of the challenge with electric vehicles is the cost; an EV costs significantly more than its gas-guzzling counterpart, and many drivers remain unconvinced that the higher up-front price will be offset by fuel savings. We received a little more insight into those costs on Monday when Ford Motor Co. CEO Alan Mulally revealed the cost of electric car batteries are even higher than what had been suspected.
A 23-kilowatt battery pack — which is what you’ll find inside Ford’s electric Focus — sells for around $12,000 to $15,000, he said. That means the battery comprises about one-third of the car’s total pricetag, which is presently $39,200. The good news is, Mulally also indicated that the price of batteries have started to fall … so if those prices drop, logic would follow that the overall sticker price will come down as well.
Mulally isn’t alone in this prediction; Tesla‘s Elon Musk recently alluded to the same belief. Here’s hoping that they’re both right. The best bet for putting more EVs on the road is to actually make them affordable for the average American — something that we simply haven’t seen yet.
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month planned for August. Just 19 months after being unveiled as a concept car, it will make its world driving debut at the Rolex Monterey Historic Automobile Races on Aug. 15. The prototype is on tap to take two laps on the 11-turn Mazda Raceway Laguna Seca course. Karma isn’t just making laps, it’s making history, as this marks the first time a plug-in hybrid vehicle appears on track at the event.





