Quote:
“Research suggests that for plug-ins to be cost-effective relative to gasoline vehicles the price of batteries must come down significantly and gasoline prices must be high relative to electricity,” the report said.
Gaffigan told CNSNews.com that $2 billion of the Recovery Act funds are being expended for grants to manufacture plug-in batteries, and the money is not limited to lithium-ion batteries.
But Gaffigan also explained that this particular impediment would not go away just because the government threw a lot of money at it.
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I wonder what the cost of gasoline has to be in order to make plug-in cars better - if at all.