Sometimes I love exponential growth! Especially with EV’s

That last bastion of hippie lefty greenie reporting, Bloomberg of all places 😉 shows that as battery costs plummet, EV sales soar!

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Electric vehicles are starting to take off, with global sales of 288,500 units last year, according to BNEF research. While that’s just 0.5 percent of all car sales, it’s more than five times the number in 2011, and manufacturers are preparing for more. Because …

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Costs are plunging in the electric car business as quickly as they did in the solar industry in the last decade. The price of lithium-ion batteries that power most electric cars has fallen 60 percent from 2010 and will keep declining at the same pace, BNEF estimates. That will bring the price of no-pollution cars within striking distance of ones that require gasoline within a decade.

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