Ener1 Will Cut Hybrid Batteries Costs in Half ~ Hybrid Car Review
Hybrid Car Review: Ener1 Will Cut Hybrid Batteries Costs in Half

Friday, September 05, 2008

Ener1 Will Cut Hybrid Batteries Costs in Half

Ener1 predicts it will cut the cost of hybrid batteries in half once its lithium-ion technology amasses scale.

"We can cut the cost of the battery by 50 percent and I believe that can be passed onto the consumer," Gassenheimer said. "I also believe that we can bring down the breakeven to under two years, which would obviously be very favorable because that would be within the three-year lease that is a popular choice for American purchasers of automobiles."

That would do good things for those willing to build hybrid cars.  It also means companies would start ramping up even more hybrid cars as gas prices continue to stay high.  If car companies (other than Toyota and Honda) are able to make money selling hybrids, they will do it.

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