via online auto brochure, an informational blog.
The price of batteries for electric and hybrid vehicles will ‘tumble’ over the next decade to the point where alternative powertrains will be as cheap as internal combustion engines, a leading battery maker said at the Reuters Auto Summit this week.
According to Reuters, Prabhakar Patil, the chief executive of LG Chem unit Compact Power reports that the price for lithium ion batteries has already fallen by a factor of 14 since the technology was first commercially introduced in the early 1990s. Read the rest of this article here.
Source:thegreencarwebsite.com
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