Prices for these metals, which are set on commodities markets, aren't expected to fall with increasing battery productionand may even rise as demand grows, according to a study by the Academies of Science released earlier this year and engineers familiar with battery production.
Lithium-ion battery cells already are mass produced for computers and cellphones and the costs of the batteries fell 35% from 2000 through 2008but they haven't gone down much more in recent years, according to the Academies of Science study.
China has been buying up lots of rare earth materials that go into batteries.
Another Obama bust. How many energy boondoggles before even the left wakes up to the destruction caused by government control of the economy? These boondoggles are just escalating instead of stopping. Corn-based ethanol levels have been increased to 15 percent. Bio fuel mandates still loom in the near future.
“... with federal tax breaks of $7,500....”
In which the rest of us, literally at the point of a gun, are forced to fianace the “Green” mythology.
How long will the batteries last, and how much will it cost to dispose of the old ones?
Expensive green auto tech ping!............
“Both the industry and government are betting that a quick takeoff in electric-car sales will drive down the battery prices”
That was the bet for solar panels, too. That’s why every roof in America is covered with cheap solar panels today.
It won’t be long now that teens will find these affordable used electric cars that have been discarded like a used up battery and will give them a new life with a retrofitted gas or diesel engine conversion.
I did several Oldsmobile diesel to gas engine conversions and also a couple of Jaguar V12 to Chevy small block conversions.
If nothing else a person could stick one on top of a pole and connect a propeller to it for a wind generator.
Or a millwheel from a running stream, up here in Alaska I would say it would make a great towing vehicle for the dog sledders in training, plus it will charge up a battery bank for the remote site cabins by doggy power.
$15,000 for a battery pack that’s probably going to last around 5 years? I can buy a lot of gasoline for that kind of money.
Wonder what the battery pack is worth as recycled material/
I like the internal combustion engine. It is very reliable and powerful and runs on relatively cheap and abundant fuel.
>>Current industry estimates say the battery pack in the all-electric Nissan Leaf compact car coming out in December costs Nissan Motor Co. about $15,600.<<
If you’re looking to recoup your financial losses, design a cheaper battery pack. Or buy coal stock.
Problem is the amount of lithium mined annually will support enough large lithium ion batteries for 40 to 60 thousand vehicles per year. Lithium mines are in South America and Western Africa. Most of it is owned by China. Can we say OOPS!!!!!
Sadly, there is no Moore’s Law for chemestry.
There is also the little matter of building enough nuclear, coal and gas fired electric power plants along with transmission lines to power all of those electric cars if they ever hit the road.
Being “green” means never having to worry about consequences.
All of the electrical accessories that we take for granted or are necessities must either run off the same battery that powers the car or have their own power uource. If the main battery is the sole source of power Using any of these electric devices cuts the range before recharge.
As those of us who live in the north well know, cold winter weather wreaks havoc on batteries. Even hybrid cars that have a gasoline engine see drops of 20-25% in mileage when the temperatures are below freezing. Imagine starting your morning commute in your electric car with temperatures hovering around freezing and wet slushy snow falling requiring the use of the defroster, heater and windshield wipers and using the radio to get the latest road conditions. Lots of luck getting to work. Even if your commute is short enough to get by, would you have the charging station available to top off the battery enough to get home when you must also use your headlights?
What about taking a family vacation? Would you have to limit your trip to about 40 miles so you could get home to recharge and hope that you do not have to use the air conditioner, windshield wipers or headlights? Need a recharge? Even with a recharging station at hand recharging a battery to "full" takes hours.
I seriously doubt that many people would find this mode of transportation the least bit practical.