Overcoming the high cost of EV batteries

Electric vehicles (EVs) are a solution to three major problems facing the USA today. The commercialization of EVs will reduce the growing trade deficit, provide economic gains from a new electric automobile industry, and help alleviate the air pollution problems encountered in many of America's largest cities. The existence of EVs is not the answer; their increasing use is. This increase in deployment will largely depend on vehicle price and not range limitations as many would have you believe. The price of an EV will be determined by the auto makers with their economics determining the ultimate price to the consumer. The cost of EV batteries is considered to be a major hurdle in achieving an affordable EV. Prices of EV batteries at this time cannot be controlled by the auto manufacturers. How high is this cost hurdle and what measures can be taken to reduce this obstacle and facilitate the successful commercialization of EVs? This paper discusses a variety of alternatives. Each sector of industry may favor a particular solution, but, in order for the EV industry to thrive, all sectors must agree to work together to provide for customer needs.<>