Who killed the electric car? Who knows. But cheaper lithium ion batteries -- 70 percent cheaper batteries, to be exact -- could put a battery-powered car in every garage by 2025, according to reports.
A study says that cheaper batteries is only one-third of the total cost reduction, the San Jose Mercury News reported. Expensive batteries are one of the main obstacles to a road full of electric-powered vehicles, the newspaper reported.
Currently, battery packs cost between $500 and $600 per kilowatt hour, the newspaper reported. That could fall to $160 per kilowatt hour by 2025.
Ford, by contrast, paid $652 per kilowatt hour for its $12,000-$15,000 electric car, the Focus Electric, the newspaper reported.
Battery research and technology sharing in the consumer electronics field could be what saves the electric car, according to reports. In iPods and iPhones, for example, consumers pay $300 per kilowatt hour.