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USA: High Cost of Electric Car Batteries Spills

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. F +0.08% 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. Some people actually are taking out seats to be able to carry the battery around, not us. And also they’re around $12,000 to $15,000,” Mr. Mulally said at the Brainstorm Green conference in California.

“Now, this is $12,000 to $15,000 out of” a type of car that normally sells for about $22,000,” he continued, referring to the price of Focus with a gasoline-powered engine. “So, you can see why the economics are what they are.”

Ford is currently promoting $39,200 Focus EV at events around the country. It has a 23 kilowatt-hour battery pack.
More wsj.com

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