Battery firm Ener1 predicts hybrid price cuts

Ener1, one of the leading developers of lithium-ion batteries for hybrids, is predicting that the cost of batteries could be cut in half as production of batteries increases and economy of scale kicks in. The CEO of Ener1, Charles Gassenheimer predics that car companies will pass these costs savings onto consumers as they compete for hybrid sales. Most experts think that hybrid prices will fall even as demand continues as more companies get into the hybrid sales race.

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