Vehicle Sales: Aspirations Investment and Concept Cars

vehicle sales: Electric vehicle sales are rising fast, and battery installation is climbing largely thanks to China, where battery demand rose more than 175 percent in the first quarter. ; Before getting carried away with images of electric cars racing down roadways and crowding out gas guzzlers, there's a stark reality to consider Electric vehicles that appeal to swathes of consumers remain few and far between, and those on the road are still too expensive, according to The Japan Times. How, despite all the grand aspirations and investment, can this cost barrier persist One of the main culprits is battery technology. At one of the world's largest auto shows in Shanghai this year, several manufacturers boasted their snazzy concept cars and talked up imminent launches. Batteries comprise about half the cost of an electric car. In China, the average selling price for batteries at the end of last year was close to 180 per kilowatt hours, down 11 percent from a year earlier but still higher than experts and analysts' expectations. While batteries have gotten less expensive over the past few years, they're still not cheap enough to put the overall cost of a green car on par with a regular one. (news.financializer.com). As reported in the news.