What they found was that the cost of battery backs for electric vehicles has decreased from about $1,000 per kWh in 2007 to about $450 per kWh in 2014. And that's taking all battery electric vehicle manufacturers into account. When you separate out the largest companies making electric vehicles, the cost reductions get even more dramatic. â[T]he cost of battery packs used by market-leading BEV manufacturers are even lower, at US$300 per kWh,â the researchers added.
Depending on whether you file Chapter 7 or Chapter 13, the bankruptcy will fall off your report in ten or seven years. However, if none of your accounts are more than ten years old, a bankruptcy may effectively put you in the same spot as an 18-year old with no credit history.
Bankruptcy is the scarlet letter on your credit report that can cause lenders to avoid you like the plague. Fortunately, bankruptcy does not stay on your credit report forever. The Fair Credit Reporting Act dictates that bankruptcy stays on your credit report for 10 years after your file. While that is a long time, bankruptcy does not automatically disqualify you from obtaining credit while you wait for it to come off your credit report.