Ford CEO: Battery Is Third of Electric Car Cost
By MIKE RAMSEY
Wall Street Journal
One of the auto industry's most closely guarded secrets—the enormous cost of batteries for electric cars—has spilled out.
Speaking at a forum on green technology on Monday, Ford Motor Co. Chief Executive Alan Mulally indicated battery packs for the company's Focus electric car costs between $12,000 and $15,000 apiece.
"When you move into an all-electric vehicle, the battery size moves up to around 23 kilowatt hours, [and] it weighs around 600 to 700 pounds," Mr. Mulally said at Fortune magazine's Brainstorm Green conference in California.
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