Report: Tesla says Model S will be cost-effective thanks to cheaper batteries

Filed under:Nissan, Tesla,
It is not a surprise really that the battery cost for electric vehicles will go down by the course of time, however the questions which arises in our mind is that by how fast and how much. Tesla Motors, which uses in fact lithium-ion cells which is quite similar to the type found in our laptop computers, I believe that the cost of the lithium-ion pack will be much low for making the Model cost- effective $57,000,although it will likely sell a few numbers than all-electric competitors like the Nissan Leaf.
The technology officer of the Tesla J.B,Straubel said that Nissan is facing a challenge of cost that will become more difficult to solve. In addition, it will certainly need a much higher volume before than they really reach to a point of cost, which is actually internally sustainable. Nissan is in fact painting a quite different picture because for nearly two decades, it has been developing li-ion technology, but there you can experience it.
The yearly sales target of the Nissan Leaf is that when the full production begins.It will surely in the hundred thousands, on the other hand, Tesla wishes to sell roughly 20,000 units of the Model S a year. The major difference is the price per kilowatt-hour (kWh). Martin Eberhard , the Tesla co-founder explained that Bloomberg currently, which he believes Tesla’s battery packs, might cost only $200 per Kwh, while the cells of the large format in the leaf (and several other plugs in vehicles) may cost approximately $700 to $800 per kWh. As we know very well that the Nissan has stated that, the cost of the Leaf pack is only $750 per kWh.