Electric car battery expenses coming down: Chu

Market and government are on track to bring down the cost of batteries to power hybrid and electric automobiles, which is essential for enhancing commercial appeal of those vehicles, U.S. Energy Secretary Steven Chu stated on Wednesday.Chu said at the Detroit Economic Club the Obama administration is not deterred by soft sales of plug-ins in their first full year in showrooms, nor does it be concerned about the prospective for overcapacity in battery production.And, he stated, the

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