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Technology Stocks : The Electric Car, or MPG "what me worry?"
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To: RetiredNow who wrote (748)12/10/2008 10:47:22 AM
From: HPilot  Read Replies (1) of 17509
 
All batteries will be expensive, yeah they can reduce costs somewhat right now when demand is low, but when they have to ramp up production of lithium things will change.

blogs.consumerreports.org

I consider this a bit off as they claim that repairs to automatic transmissions will also occur every 8 years and be as expensive. Well I have only had one automatic transmission to fail out of about 8 that soon and it cost about 2/3 the cost of those batteries about 4 years ago. Now manual transmission clutches will wear out in about that time but it costs hundreds not thousand's of dollars to replace. Still IMO the cost is not bad enough to keep hybrid's off the road but EV battery costs will be as much as 5 times higher depending on the desired range and the cost will keep EV's very small and only in the city.
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