Japan to Set Up Public-Private Project for Cost-Effective Electric Vehicle by 2015; Focus on Li-Ion Batteries
7 April 2007
|Japan is setting three development targets for advanced battery technologies: improvement (2010), advancement (2015), and innovation (2030). Click to enlarge. Source: METI|
Japan’s Ministry of Economy, Trade and Industry (METI) is beginning to organize a research project with business and academia to develop an electric vehicle (EV) by 2015 that costs as much to purchase and to operate as the current generation of minicars, according to a report in the Nikkei.
METI will set up a team comprising researchers from automobile and battery manufacturers as well as universities. The group will be tasked with devising a high-capacity lithium-ion battery that retails for 85% less than existing ones.
The new vehicle will likely cost more to purchase than a minicar, but the lower energy cost will make up the difference after about 10 years.
By 2030, METI is targeting the development of a higher-performance battery that can power an electric vehicle for 500 km (310 miles) on a single charge. The ministry will also consider implementing other measures aimed at promoting the use of EVs, including building recharging stations or giving tax breaks to owners of the cars.
The development of electric vehicles is a key element in METI’s New National Energy Strategy.
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