Posting in Energy
A new report from McKinsey & Co. shows promising signs for the electric vehicle market.
Currently, one of the main factors keeping the price of electric vehicles high - and out of range for buyers on a budget - is the cost of the lithium ion batteries that power them.
But a new report from McKinsey & Co. predicts up to a 70 percent drop in the price of these batteries over the next decade, a development that could make waves for the electric power and petroleum industries, not to mention the auto industry.
According to the study, the price of automotive battery packs could fall from $500-$600 per kilowatt hour today to around $200 by 2020 and $160 by 2025, thanks to economies of scale, a fall in component prices, and simply extensions in battery life. The McKinsey Quarterly bulletin suggests that once batteries cost less than $250/kWh, the zero-emissions cars they power could be priced competitively with conventional gasoline-powered cars, assuming that gas costs $3.50 a gallon in the U.S.
"Given the path to substantially lower battery prices, which are now coming into view, executives should be considering bold actions to capitalize on one of the biggest disruptions facing the transportation, power and petroleum sectors over the next decade or more," the report said.
Of course, cost and battery life are not the only factors affecting the adoption of electric vehicles. Other concerns, including regulations, overall performance, and any improvement cheaper batteries may have on the performance of conventional automobiles. But nevertheless, the prospect of cheaper batteries may cause some companies to shift resources and invest in the development of electric vehicles.
Readers, at what range and price would you consider switching from a gas-powered or hybrid car to an all-electric vehicle? When, if ever, do you think electric cars will enter the mainstream for prospective car buyers?
via [AOL Energy]
Jul 16, 2012
Recently bought a Nissan Leaf, which works fine for us. In full disclosure we received a modest inheritance which was enough to finance a rooftop solar array and the car. Probably would not have done it at this time otherwise. The range issue is a non issue for us, as, like many two car families, we have one car that goes out of town and one that does not. I do think the coming advances in battery technology will make EVs a practical choice for a lot more folks than they are currently. On charging time: In the not too distant future, California will have a fairly widespread network of quick charging stations that will make it possible to charge the Leaf in about 30 minutes. If improving battery technology could double the range, you'd have a car that a lot more people could use - and that also should come in the not too distant future.
Energy has driven the world for over a thousand years Wind, Hydro and Solar are the oldest forms of energy giving power to all smart enough to use it. In the last 200 years Coal, Oil and Nuclear has given energy to many worldwide and great power and wealth to only a few. At the cost of many lives in coal Mines, Oil Spills, Radiation, Cancer and Polluting the Air and Water on all of the Earth. Unfortunately for the wicked there is not an unlimited amount of oil on earth. Just the same as the Forest Trees that clean the air and make Oxygen we breath and all living on earth need to Live. As some in denial are not able to recognize or ever see or live with blinders on. Doctors and Drug ceo's have been making millions prescribing drugs to many that live near or by High polluted areas that hurt breathing our lungs and harm our children and all. That we all pay for. When all they need is Clean Air and Water, and Clean Cities. Now common sense would be for all to look for a clean fuel Wind, Hydro, Geothermal and Solar. Renewable Energy is eliminating the need for Dirty Energy Worldwide at a record pace. With Solar Energy Clearly the front runner. To the fear of some of the richest people on Earth. They to surprisingly are doing something extraordinary investing in Solar Energy. After years of many of them trying to under mine it. Fuel that makes energy to ship goods, or make electric for homes and manufacturing. Can transform whole nations into prosperity and wealth or poverty and economic hardships for most all. Just as taxes on taxpayers has done. For over two thousand years. Making slaves of many to the wicked and unjust few. History Lesson Roman Empire, Persian Empire now OIL Empire oh sorry OPEC. The Freedom to get your own Power from the Wind and Sun, Solar Energy has been there for years. Are Libraries and Schools should have been the first to have gone Solar and Renewable Energy. And why are they not? Churches are all over the Planet. They are going to Solar Energy. Thank GOD for the Pioneers like John Schaeffer that Started Real Goods The first and Best catalog for Renewable Energy and Scientist Bill Young at the FSEC Florida Solar Energy Center and Monica D. Key Lindbergh for many years wrote to legislators promoting Solar and Renewable Energy and many others. These Pioneers helped put Wind, Solar And Renewable Energy in the Spotlight for all the World to see. One of The Greatest Scientists ever Albert Einstein Stared it with a Dream that the day would come that all the World would use Solar Energy. His many years of work with the law of the "Photoelectric Effect", and showing this to the World won him the Nobel Prize in Physics. For the "Photoelectric Effect" Free Energy From the SUN in the heavens above. We still do not teach this to our young. Very soon Hybrid Vehicles and (EV's) Electric Vehicles will out number the ones that need oil and gas to go. With the ability to recharge them at home and work from the sun. Tesla Motors with its new Model S electric sedan, will be one of many the World will see soon. Honda, Nissan, Audi,VW, BMW and Volvo are just some of the Car Companies putting into production Electric Vehicles a EV, and many more are and many are building Electric / Hybrid Vehicles. The DeLorean Motor Company will be putting into production by 2013 a DMC-EV Electric DeLorean, that will have a body and power plant that will last you a life time. Just think you can recharge them at home and work free from the sun Solar Energy. The Lord's Little Helper Paul Felix Schott Now to own a car that will never rust way and runs on the power from the sun that's the one for me.
It seems to me that there are three major problems facing the wide acceptance of EV. The first is cost, and if this article turns out to be true, that problem may be solved. The second problem is recharging time. If recharging time continues to be measured with an hour glass, it will continue to significantly hinder acceptance. The third problem is range, although if recharging time gets close to the time to refuel a gasoline or diesel based vehicle that problem would be reduced.
We have been running an EV Battery cost reduction conference for the past 3 years focusing on the R&D from the automotive OEM's and its great to see that developments are starting to take shape. The next event is September 25-26 in Detroit. www.ev-battery-tech.com
Once battery becomes affordable at those prices, we can think about retrofitting our home's roof and install PV and store electricity. We could alleviate our needs for traditional generation (fossil or nuclear) and even think about a really smart grid, where our houses and cars could supply demand based on some sort of algorithm. Just think about the benefits of having the East and West coasts three hours apart. Storage is currently our real problem, because you can generate electricity even by using gym's equipment to trim out that belly...
We need these technologies as well as the shock wave combustion engine NOW !!! Why isn't there a massive push to get these to market ? My girlfriend is going to buy a hybrid soon waiting to see the Jetta and compare to Camry. We prefer the 30,000 price range. We need to speak up and put the pressure on our leaders for the jobs and the environment !!
Rapid progress is being made on improved charging time and energy density (which equates to range) as well as on price. Improvements in those other areas are going to be a major driver of cost reductions, actually - better range and charging time will makes EVs more popular, leading to economies of scale that allow lower prices.