Daimler AG predicts a big decline in the costs for EV batteries and fuel cell cars.
"A few years ago, the price was at about 1,500 euros per kilowatt hour [for a lithium ion battery]. In the midterm we should be at a level of 400 euros," Herbert Kohler, head of e-drive and future mobility at Daimler, told Automotive News Europe.
Kohler said he expected an even bigger price decrease for fuel cells.
"By 2015, we think a fuel cell car will not cost more than a four-cylinder diesel hybrid that meets the Euro 6 emissions standard," Kohler said.
He added that he expects EVs to be more expensive than fuel cells in less than five years.