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Cheaper electric cars may help oil firms to green their businesses faster

Batteries are expected to only make up only 15% of a vehicle's total costs by 2030, compared with 30% today.

Topics
electric cars | Electric Vehicles | Electric car battery

Akshat Rathi | Bloomberg  |  New Delhi 

Electric vehicle

A decade ago, some of the smartest minds at the US Department of Energy set an ambitious goal: lower the cost of battery packs to $100 per kilowatt-hour from more than $1000 per kWh. If achieved, would reach cost parity with internal-combustion engine cars — unleashing a revolution.

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First Published: Tue, September 22 2020. 17:36 IST