Battery Cost Reductions Needed to Make Electric Cars Economically Viable

At current prices, it takes 6.5 years to recoup higher cost of electric vehicles compared to gasoline only models, J.D. Powers study finds.

Published: 09-Nov-2012

Sales of electric vehicles won’t take off until automakers lower prices and demonstrate the economic benefits to consumers, according to a J.D. Power and Associates study of electric vehicle ownership.

Almost two years after automakers started selling battery-powered rechargeable cars in the U.S., the segment is an almost immeasurable portion of auto sales.

Nissan has sold less than 6,800 Leaf electric cars this year through October, and that’s down 16% from the same period last year. Honda has leased just 48 of the electric version of the Fit this year. Mitsubishi has sold less than 500 of its MiEV mini-car. Start-up electric car company Coda Automotive has refused to disclose how many cars it has sold.


First generation Toyota Prius uses nickel metal hydride batteries with remarkable durability.

Reader asks Globe and Mail's Richard Russell how long batteries will last in an electric or hybrid car, and what will be replacement cost?

VIA electric truck, one of several models offered by the company.

A123 has 22 transportation programs under signed contracts with automakers including GM and SAIC Motor Corp.

Nissan LEAF battery will have estimated 70% capacity after 10 years.

Nissan North America has teamed up with ABB, 4R Energy and Sumitomo Corporation of America to figure out the best way to store and reuse the batteries


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