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Introduction
The field of energy storage is extremely marginal. According to several studies, battery costs for electric vehicles to meet
active with a constant stream of the electric vehicle has not lived up to their potential. Such improvements will
innovations being deployed to address its promise economically because the require continued government support
some major design challenges. At the cost-benefit model is extremely sensitive of battery research and development
heart of this activity is the commercial to two factors: the cost of energy storage and higher gasoline prices either
drive to increase energy density (energy and the cost of fossil fuel. Since 9/11, the through government action in the form
stored per unit mass), extend battery life cost of crude oil has steadily increased of taxes or a cap and trade program or
and improve overall charge/discharge from around $20/barrel and was looking through the market.”
efficiencies in order to reduce unit costs like it would break the $100/barrel
and enhance product reliability. While point 10 years later, thus driving more Therefore, the race is on to produce
great progress has been made in the last investment into alternatives such as better, lower-cost energy storage
decade, certain industries still have a electric vehicles. However, the last year products (for the sake of brevity in
long way to go. has actually seen a sharp decline in oil the rest of this article, I’ll call them
prices (with a brief spike during the “batteries” but there are other forms
In particular, the electric vehicle Libyan uprising), demonstrating that of energy storage such as hydrogen
industry is faced with major economic relying on the oil price to drive this fuel cells and supercapacitors) as well
pressures to increase energy densities, particular business model is untenable. as improvements in the circuitry and
and hence reduce costs, because at electromechanical components that
present the cost-benefit arguments As Henry Lee, faculty co-chair of Energy generate power to charge them and
for the consumer to move from a Technology Innovation Policy research, draw power to drive the electric vehicle.
conventional internal-combustion- Harvard Kennedy School, puts it: “The
engine-only vehicle to an electric or industry will need improvements in
hybrid electric vehicle are, even now, battery technology and reductions in
Figure 5 Results from full-vehicle HEV test using an urban drive cycle. The bat-
tery state-of-charge and fuel consumption are shown.
A C yb er n et G r o u p C o mp an y