MIT study throws cold water on the hot electric vehicle market

The Massachusetts Institute of Technology (MIT) Energy Initiative recently released a study with conclusions that could spell trouble for the electric vehicle (EV) market. According to the study, MIT found flaws in the theory that electric vehicles could achieve price parity with gas-powered ones in the next five years. This MIT report could curtail the growing push to nudge more vehicle manufacturers from internal combustion over to electric power.

Titled Mobility of the Future, the report provides a detailed review of alternatives to internal combustion engine vehicles, including hybrid gasoline-electric, plug-in hybrid electric, battery-electric, and hydrogen fuel cell electric vehicles. It finds that there is a stalling point with lithium-ion batteries used in EVs at this time.