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Chu promises big battery price cuts, but doesn't say how

The Obama administration continues to push electric vehicles despite the fact that they have sold very poorly around the country. There are number of reasons why consumers haven't adopted electric vehicles in larger numbers, the biggest of which are the cost of the vehicles and range anxiety. The component that adds the most cost to EVs is undoubtedly the battery pack.

U.S. Energy Secretary Steven Chu has announced that the federal government is working to dramatically reduce the cost of battery technology for electric vehicles. Cheaper batteries would mean that automakers could [ideally] sell their EVs and hybrid vehicles that utilize rechargeable battery packs at a lower price.

President Obama wants 1 million plug-in electric vehicles and hybrids on highways around the United States by 2015. Currently, the federal government offers a $7,500 tax credit for people who purchase electric vehicles and Obama has been pushing to increase the tax credit to $10,000.

"It's ambitious, but we'll see what happens," said Chu during a talk with reporters during the Washington Auto Show.

"For the engineers in the room or those who follow this, you might be saying to yourself, 'What are they smoking,'" Chu said about aggressive plans to cut the price of batteries. "We're not smoking anything…. They are ambitious goals but they are achievable goals."

The original report from Washington supporting the goal of 1 million plug-in vehicles on the roads by 2015 expected Ford to sell 20,000 Focus EVs in 2012. Ford sold fewer than 700 of the vehicles and has resorted to significant price cuts to spur demand. Chevrolet also sold only 24,000 Volts in 2012 while the report had predicted 120,000.

Source: Detroit News

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By Mint on 2/1/2013 5:34:40 PM , Rating: 2
but they are NOT selling
Why are you so desperate to push this falsehood?
EV sales TRIPLED last year. The Volt's sales in the last two years almost matched all of GM's other hybrids. Price reductions and awareness are only going to increase sales further.

WHY not push and throw money at ALL alternative powered cars, instead of focusing on just battery power?????? By that I mean bio-diesel, CNG, fuel-cell, and the other pieces that the good old ICE can use that I've read about that could make the mpgs higher than they are now.
Fuel cell doesn't have significant refueling infrastructure, so it will need a much larger investment to get off the ground. Expanded biodiesel use is a fuel production issue, and there is money being invested into it.

I'll agree that CNG is something worth considering, but prices are really volatile. Many experts are saying the current price glut is only temporary. The natural gas Civic costs more than the hybrid while giving much lower mileage, so even today's $2/gge doesn't save much, unless you pump at home, which involves a costly install.

EVs have a couple inherent advantages to other alternative fuels. Night-time electricity will always be much cheaper than gasoline. Basic infrastructure is already in place at every home.

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