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Obama in Michigan: EV Battery Costs to Drop 70 percent

Thursday, July 15, 2010 - 02:24 PM

(Andrea Bernstein, Transportation Nation) Speaking at a ribbon cutting for an electric vehicle battery plant in Holland, MI, today, President Barack Obama said a major barriers to entry for EV consumers -- battery costs -- are about to drop.

From his remarks:

"For example, the workers at this plant, already slated to produce batteries for the new Chevy Volt, learned the other day that they will also be supplying batteries for the new electric Ford Focus as soon as this operation gears up. That means that by 2012, the batteries will be manufactured in Holland, Michigan, instead of South Korea. So when you buy one of these vehicles, the battery could be stamped “Made in America” – just like the car.

And here’s another benefit. Because of advances in the manufacture of these batteries, their costs are expected to come down by nearly 70 percent in the next few years, which will make electric and hybrid cars and trucks more affordable for more Americans. And that, too, will mean more jobs – not to mention less dependence on oil."

Here's the White House Report on EV Batteries and the Recovery Act.

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