A123 – a leading U.S. vehicle battery firm – announced it has developed a breakthrough lithium-ion battery that could potentially make electric vehicle (EV) battery packs lighter by not requiring a heating and cooling system while also extending the battery packs lifetime. This advance is a notable step towards addressing some of the central performance issues plaguing EVs. But while the battery innovation is an important milestone in EV development, it’s also a good example of how government investing in research, development and deployment (RD&D) is more important to making EVs competitive with gasoline vehicles than subsidizing the deployment of existing technologies.
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June 12, 2014