DOE Cutting battery costs from about $1,000 per kWh in 2009 to $300 by 2015 and to $100 by 2030 tpg org

How The Recovery Act Will Make EVs Affordable For The 99%

The Department of Energy said it was aiming to cut battery costs from about $1,000 per kWh in 2009 to $300 by 2015 and to $100 by 2030. At the time it announced that goal, the only U.S. automaker shipping an electric car was a California startup, Tesla, and its battery cost $36,000 and weighed a whopping 992 pounds. Now, Envia, one of the companies funded, has just cut costs in half of future electric vehicle batteries.