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Chinese Company Says It Will Soon Cross $100 Battery Threshold, Slaying The Gasoline Car

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Envision Energy will produce batteries that cost $100 per kilowatt hour by 2020, founder and CEO Lei Zhang said at Stanford University, predicting the price will fall to $50 only five years later and end the reign of the internal combustion engine.

 

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$100 per kilowatt hour is a good thing?

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