Citing Tesla Motors as leader in electric vehicle battery cost declines, the study reports that: “Some original equipment manufacturers announced even more ambitious cost estimates for BEVs: General Motors announced that battery costs for its 2016 Chevrolet Bolt had fallen to USD 145/kWh by October 2015, and that it hopes to reduce costs below the USD 100/kWh mark by 2022 (GM, 2015, EV Obsession, 2015). The electric car manufacturer Tesla aims to break the USD 100/kWh mark by 2020 (HybridCARS, 2015). Improvements in battery cost and energy density have led carmakers to announce EV ranges never heard of to date. As an example, in March 2016 Tesla launched orders for its new Model 3, committing to an electric drive range of nearly 350 km on a single charge by 2017, when the first vehicles are scheduled