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BCG Report Expects Battery Costs Will Constrain Widespread Market Adoption of Fully Electric Vehicles, Absent a Technology Breakthrough; Forecasts 26% of Major Market New Cars in 2020 To be Hybrid or Electric

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As an example of cost direction, BCG forecasts that NCA cell and pack costs will decline 60-65% by 2020. That same year, the market for electric-car batteries in those regions will reach $25 billion. Tradeoffs among five principle Li-ion chemistries. Source: BCG. Click to enlarge. million will be fully electric, 1.5