Ford’s CEO reveals true cost of electric vehicle batteries

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Ford’s CEO reveals true cost of electric vehicle batteries

April 23, 2012 No Comments

Speaking at a forum on green technology, Fortune magazine’s Brainstorm Green conference in California, Ford’s CEO Alan Mulally revealed how much electric vehicle batteries actually cost.

The high start-up cost of electric vehicles stems from the cost of its components — namely, the construction and retention of power through electricity-based batteries. In general, car manufacturers have been reluctant to disclose the cost per kilowatt hour.

At the conference, using Ford’s Focus Electric model as an example, Mullay indicated that the expense of battery packs for electronic vehicles can range between $12,000 and $15,000 per car.