Cheaper, more powerful electric car batteries are on the horizon

The White House recently announced the creation of the Battery500 Consortium, a multidisciplinary group led by the U.S. Department of Energy (DOE) Pacific Northwest National Laboratory (PNNL) and working to reduce the cost of vehicle battery technologies. The Battery500 Consortium will receive an award of up to $10 million per year for five years to drive progress on DOE's goal of reducing the cost of vehicle battery technologies.