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Home > News > New Battery for Cheap Electric Vehicles

August 16th, 2010

New Battery for Cheap Electric Vehicles

Abstract:
A new startup company will attempt to solve the biggest roadblock facing electric vehicles today--the cost of their batteries.

The new company, called 24M, has been spun out of the advanced battery company A123 Systems. It will develop a novel type of battery based on research conducted by Yet-Ming Chiang, a professor of materials science at MIT and founder of A123 Systems. He says the battery design has the potential to cut those costs by 85 percent.

The battery pack alone in many electric cars can cost well over $10,000. Cutting this figure could make electric vehicles competitive with gasoline-fueled cars.

Source:
technologyreview.com

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