Electric vehicle battery costs coming down: Chu - Yahoo! Finance
DETROIT (Reuters) - Industry and government are on track to bring down the cost of batteries to power hybrid and electric cars, which is crucial for improving commercial appeal of those vehicles, U.S. Energy Secretary Steven Chu said on Wednesday...
...The goal, he added, is to more than halve the cost by 2020.
"Once you get a battery that's $1,500 and much less expensive electric motors, which we are also working on, then you get to a very exciting price point," he said.