To buy or not to buy? Buy.
Posted on by Kolbe
The two main issues most consumers have with buying an electric car are, the price and the range of the battery. According to a couple recent studies, both of these worries are poised to rescind if not go away entirely in the coming years. Researchers at the Stockholm Environmental Institute found that the costs of lithium ion batteries are dropping by about eight percent per year. Because battery costs can make up for as much as half of the price of an electric car, if these prices continue to drop we can hope to see car prices drop alongside them. The batteries are performing better as well, not just falling in price. A study at Lawrence Berkeley National Lab shows that even after a battery has lost twenty percent of their original charge, it will still meet the needs of eighty-five percent of US commuters. Hopefully with these advances we will start seeing more and more electric vehicles on the road.