Oil Price - Will Electric Cars Be Cost Competitive By 2020? - Global - Dimibo

Oil Price - Will Electric Cars Be Cost Competitive By 2020? - Global - Dimibo The energy market is constantly transforming and advancing the way we use everyday products. Very soon, the internal combustion engines we’ve been accustomed to for over 100 years, may be replaced. The lithium-ion battery is becoming increasingly cheaper to manufacture making it near competitive with our more familiar engine design. The cost of Lithium-ion batteries has decreased 65 percent since 2010, back when they cost over $1,000 per kilowatt-hour. These batteries now cost under $350 and some companies are finding ways to produce them… - ...Continue reading