Yet another study citing batteries as the Achilles heel of electric vehicles, Boston Consulting Group’s new paper suggests that the EV market will remain uncompetitive in the next decade. BCG highlights cost per kWh as the key barrier to affordable battery technology. With current costs hovering around $1000 to $1200 per kWh, batteries are admittedly expensive. However, as AutoblogGreen recently reported, automakers aren’t as pessimistic. GM is indicating that their battery will cost between $500-$600 per kWh.

Time will tell, but one thing is for certain–leaders in the electric vehicle industry are not anticipating failure. Innovation will drive the future of battery technology far faster than a white paper.

For more information on Boston Consulting Group’s report, click here.

Study: Battery electric vehicles unlikely to be cost competitive

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