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Clean Technica points out that the battery-making factory is on track to reduce battery prices by 30% by 2017, making EVs indisputably cheaper than fossil fuel-driven internal combustion, at less than $100 per kilowatthour. (Of course, if externalities are taken into account, like the cost of environmental disruption caused by global warming, EVs are already far, far cheaper than gasoline engines. Moreover, if coupled with rooftop solar panels, i.e. with free fuel, their pay-off time is even quicker and households can cut tons of CO2 emissions each year). [Bolds mine. - SB]
Not only will the gigafactory lead to cheaper auto batteries, it will also lead to better battery storage for home solar panels so you can store solar power and use it at night.
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Roadster (source: Wikipedia) |
The thought of living long enough to replace my late father's 20-year-old (!!) Chevy with a practical EV at a cost I can manage is a very appealing notion. Elon Musk seems to change the level of the whole game not less often than once a year or so. Watch this space!
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