Search Results

Accelerated market penetration of plug-in electric vehicles (PEVs) is presently restricted by the high cost of batteries. Deployment of grid-connected energy storage, which could increase the reliability, efficiency, and cleanliness of the grid, is similarly inhibited by the cost of batteries. Research, development, and manufacturing are underway to reduce cost by lowering material costs, enhance process efficiencies, and increase production volumes. Another approach under consideration is to recover a fraction of the battery cost after the battery has been retired from vehicular service via reuse in other applications, where it may still have sufficient performance to meet the requirements of other energy-storage applications.