Who Will Be Able to Afford Electric Cars?

Justin Hyde apparently doesn't believe GM's claim that the Volt battery pack costs $8,000 today.

Published: 08-Jan-2010

By Justin Hyde

As General Motors pushed the start button today on batteries for its Chevrolet Volt ahead of the Detroit auto show, a new study finds that absent a big tech breakthrough, electric vehicles such as the Volt will remain too expensive to snag a majority of consumers around the world.

“You will definitely see more hybrid cars on the road in the future than EVs” said Xavier Mosquet, senior partner in Boston Consulting Group’s Detroit office.


Brilliance sedan on display at 2009 Detroit Auto Show.

Besides its F3DM, BYD also showed another plug-in hybrid, the F6DM, and the E6, a seven-seat electric van.

Chevrolet Volt Voltec Propulsion System relies on lithium ion batteries housed in center console 'T'. Photo credit: EV World.com

Auto industry is beginning to make needed advances in battery technology to put a first wave of rechargeable electric cars like the Volt on the road.

Toyota FT-EV electric car has estimated 50 miles driving range on lithium ion batteries..

Along with making packs for a plug-in version of the Prius hybrid, Toyota sees an opportunity for additional revenue from supplying packs to rivals


blog comments powered by Disqus