Lowering Costs Are Key
It's not just the cost of batteries that need to drop, says Ford.
Reduced Costs Should Lead to Cheaper Prices
Ford is hoping to make plug-in vehicles less expensive in the future by focusing on reducing the costs of power electronics.
Anand Sankaran, chief engineer and executive technical leader of energy storage and hybrid vehicle systems, stated:
“Power electronics is almost as expensive as batteries. And the costs of both are coming down at similar rates.”
Power electronics are defined by Ford as the unit that, among other things "converts direct-current electricity from the battery to alternating-current electricity in order to power the electric motor," according to the Detroit News.
Ford says that both battery and power electronics must be made less costly in next-gen plug ins.
The Detroit News says this:
"The power electronics box is responsible for transferring as much of the current as possible without wasting or losing energy. Ford’s most recent production-ready box transfers 93 percent of the energy."
Ford's Sankaran adds:
"You want a box that is really efficient. Otherwise in every process you’re losing energy.”
Look for Ford's future boxes to be both more efficient and less costly. Hopefully, Ford will past this cost savings onto the consumer in the form of reduced pricing on its next-gen plug-in vehicles.
Source: Detroit News