January 16, 2020
Could this new battery slash the cost of an electric car?
Questions
- What features of the new battery make it the “Holy Grail of batteries”?
- If Nikola Motors patents its new battery technology and has an exclusive right to produce it, in what type of market does the firm operate?
- Explain how Nikola Motors determines the price of its new battery and the quantity to produce.
- Explain why the new technology batteries might not lower the price of a battery.
- Does the new technology make the market for electric car batteries efficient? Why or why not?
- Explain how the new battery will influence the market for electric cars.