Based on current cost projections, none of the conventional batteries meet acceptable cost parameters. Electric Vehicle Current battery technology does not produce an acceptable range or power. This is important as the higher the MED, the lower the weight of the battery needs to be to meet the performance requirements of speed and range. Up to now, no battery technology has been able to meet these criteria because the MED was too low. Based on a 500 lb. battery, this would correspond to a peak power of 120 hp.
Current technologies are marginal at best.
Thus, BLP believes its prospects for obtaining EV market share are favorable. The present state of the art is the lithium ion battery which can store 165 watt-hours per kg. Lithium metal is slightly more energetic, but is presently considered unsafe and represents a theoretical limit for energy density. The market potential is enormous. BLP projects demand for an advanced battery based on its technology from the portable consumer electronics market.