THE BATTERY IS CRUCIAL TO THE EV’S FUTURE – ACCENTURE
A recent report by consulting giant Accenture, which is based on studies of a comprehensive list of global EV pilot projects found the EV’s battery to be the most crucial barrier to entry of the auto market.
The report found the exorbitant cost of EVs to be due to – yes – the battery. According to the report, typical modern EV batteries cost $450 per kWh at a minimum. This is using the absolute latest technology available, and mankind ’s best minds f oc used on lowering their costs. The report states t hat the chemistry that goes into batteries has its limitations.
The solution to these high inputs associated with the battery, according to Accenture, mirrors the same suggestions made by Tesla’s creator, Elon Musk. The battery costs should be disaggregated from the vehicle either by leasing the car or the battery. Accenture also found that range concerns differed in different geographical areas. High density urban centres (such as New York and London), unsurprisingly, had lower range requirements and thus less overall “range anxiety”. However, the report found that often the owners of the range-bound EVs had an additional back-up vehicle in their garages. The report compared EV charging to the “roaming” options offered by cellular networks, where charging could be nego-