"Costs for batteries to power a coming wave of electric cars could plunge to a quarter of current levels over the next decade and the United States could face a near-term supply glut, the chief of LG Chem Ltd's U.S. unit said."

"But Patil also said recent incentives extended by the Obama administration and state governments could put more battery production in place over the next three years than the auto industry can absorb with its longer development cycles."

Building a path to the end customer may not be such a bad idea. I'd hate to be burning cash now waiting for an auto maker to deliver a profit fairy.

http://www.forbes.com/feeds/reuters/2009...