Start-up promises to slash the costs of plug-in hybrids

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*Source: News Blog (News.com) (http://www.news.com/8301-10784_3-9780680-7.html)*
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EnerDel says it will come out with a lithium-ion battery for plug-in hybrids that will cost $1,500, a development that could go a long way to making these cars palatable in terms of price.

The Indianapolis-based company, which recently received a $6.5 million grant from the United States Advanced Battery Consortium (USABC), hopes to deliver the battery to car manufacturers for their 2010 lineups, according to Charles Gassenheimer, vice chairman of the company. The 2010 model cars will start coming out in September 2009, he said.

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