Industrial Minerals


Lithium battery costs must come down to make EV competitive

10 February 2012


Carmakers hedge bets by researching cheaper alternatives to Li-ion batteries

Keywords: lithium, Li-ion, lithium-ion, batteries, Toyota, Nissan, Honda

By James Fuller

Producers must find a way to reduce the price of lithium-based batteries if the technology is to be used in a mass market for electric vehicles (EV), according to car manufacturers.

Lithium-based batteries, led by lithium-ion (Li-ion), have emerged as the dominant technology used in modern EVs, but remain an expensive alternative to traditional fuel-burning engines.

Spokesman Toyota Motor Europe, Jean-Yves Jault, told IM:  “The cost of lithium-ion batteries needs to be...