U.S. Battery, Plug-in Car Push Costs Exceed Rewards, New Study Says - Bloomberg

U.S. government incentives to spur a market for battery-powered autos aren’t a cost-effective way to cut oil use and tailpipe emissions compared with boosting sales of hybrids and plug-in cars that go short distances on electricity, a study said.

Battery breakthroughs, more-expensive oil and a more- efficient electric power grid will be needed to justify the expense, weight, and assembly-related costs of “large battery pack” cars, according to the review by Carnegie Mellon University, Arizona State University and Rand Corp., published this week in Proceedings of the National Academy of Sciences.