A Reuters article reported that a Johnson Controls Inc. (NYSE: JCI) executive said that over the next decade, hybrid engines could be put into 5 to 8 percent of new cars built worldwide. Key to increasing hybrids' share of the market will be lowering their cost, said Gregg Sherrill, group vice president and general manager of power solutions at Johnson at the Reuters Autos Summit in Detroit. He said the hybrid battery systems his company sells to car makers cost from $800 to $1,600, compared with $25 to $30 for a traditional car battery. This is a fairly high cost right now because the economies of scale are not there, Sherrill said. It's the matter of getting through this phase of the initial interest, initial hype, to gain sufficient volume where we can succeed through economies of scale in driving the costs down....
Source : The Energy Blog
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