
EnerDel, a car battery company, predicts that advances in lithium ion batteries in development now will significantly cut the cost of hybrid cars, so folks who wait to buy their hybrid could see their gas savings in as few as two years after purchase. According to Wall Street Journal, should you sell your gass-guzzler and run out and buy a Prius today, it’d take about 7 years before you notice a savings on gas money since the car is pretty pricey. But should the planned advances for lithium ion batteries see daylight, that amount of time will be cut down to less than two years.
EnerDel plans to start a manufacturing line capable of making 300,000 lithium ion batteries a year for hybrid electric cars, starting in 2010. They like lithium ion because compared to nickel-based batteries, lithium is smaller, lighter, and holds twice the energy density…and is far cheaper.
Getting more life for the charge is a big deal in lithium ion battery research. While lithium ion batteries have a habit of losing their charge capacity after awhile, EnerDel says their batteries keep their charge capacity for up to 300,000 cycles, or 10 years of life. That's a long time for a battery's charge capacity. EnerDel has a deal to supply car batteries to Think Global for their all-electric towncar, plus two more deals in the works. They are making another prediction that by 2011, lithium ion batteries will be utilized by 75 different car models, showing that car manufacturers are getting serious about ditching all-gas vehicles in the very near future.
Via cnet
Photo via Burning Image

written by S, June 07, 2008
Even electric cars get their power from fossil fuel plants (usually). The real "green" part is that they are so energy-efficient, because they have to be. Once the battery technology advances, you'll see the electric sports cars and trucks burning up power as usual. Our gas dependency will be gone, but that's all.
written by Lisa411, June 07, 2008
written by Vince Caruso, June 08, 2008
Detroit why you flat footed again?
written by JP, June 08, 2008
written by EV, June 08, 2008
written by Green Dev Guy, June 08, 2008
As for the payback on the Prius, the resale value is *extremely* high, and, at least here on the east coast, Toyota is aggressively trying to buy back cars for their certified pre-owned program. Based on the offers we've had on our Prius it's possible to walk away cleanly from your new Prius only a year and a half after purchase. Few if any cars come any where near this.
The wsj article (and similar articles) are disappointing. It's unfortunate, but the average person doesn't seem able or willing to think for themselves, and this type of information is taken as fact. I still know idiots driving suvs crying to me about gas prices, wtf this is not a new development. Even worse some have sited the cost of the Prius, when further discussion unveiled their gas expense per-month is *more* than a month payment on a new Prius.
Anyway money aside I know hybrids aren't a perfectly green solution (though a step the right direction imo). My wife works and drives the Prius, I'm self-employed and drive around 500 miles a year, so we're doing good I think.
written by nicster, June 08, 2008
written by Cage, June 08, 2008
written by EV, June 09, 2008
written by steveo, June 17, 2008
You'll eventually have to replace the battery packs, no matter what the technology being used. The pack also degrades with driving conditions and temperatures.
Overall I do feel they are better than all gas vehicles.
I really wish the gov. would get off it’s @ss and help out here. We can change over car plants to make tanks in less than 6 months(oh wait that was a long time ago) but we can’t figure out how to get off of oil in 30 years?
One last thing… most good ideas are getting bought up by the big oil companies….and I wonder why?
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I think you have this a little mixed up. Shouldn't it be, "folks who wait to buy their hybrid"? After all, the current hybrids do not have the new battery technology you are talking about and they won't until at least 2010.