Will Electric Vehicle be Cheaper?

Check this news:

http://techcrunch.com/2010/08/16/a123-systems-spinoff-24m-technologies-raises-16-million/

http://www.heise.de/newsticker/meldung/Neuer-Energiespeicher-soll-Elektroautos-billiger-machen-1060954.html

A spin-off from ABC123 system, the lithium-ion battery maker for electric vehicles, will focus on new technology for cheaper energy storage.

If the new technology can cut off 85% of the cost of current energy storage device, which costs about $10,000 nowadays, what will happen then to the automotive industry?

Anyway, I am ready for the era of E-Car ;-)

Have fun!