-The average price of lithium-ion battery packs for electric vehicles fell 14 percent in the past year as production capacity exceeded demand, Bloomberg New Energy Finance said.
Batteries cost $689 a kilowatt-hour in the first quarter of 2012, compared with $800 a year earlier, the London-based research company said today in a statement.
-Prices for batteries have dropped 30 percent since 2009, making electric vehicles less expensive.
-The industry has capacity to produce about 10 gigawatt- hours of battery packs more than it needs now, enough for 400,000 all-electric vehicles, and that surplus may reach 17 gigawatt-hours by the end of 2013. Battery prices may drop to about $150 a kilowatt-hour by 2030, New Energy Finance said.
http://www.bloomberg.com/news/2012-04-16/battery-prices-for-electric-vehicles-fall-14-bnef-says.html
