GM Working on Its Own Answer to Tesla

Technology is there, but expensive batteries are an issue
By Kevin Spak,  Newser Staff
Posted Sep 17, 2013 10:54 AM CDT
GM Working on Its Own Answer to Tesla
This product image provided by General Motors, shows a 2011 Chevrolet Volt.   (AP Photo/General Motors)

General Motors is working on an electric car with a range of 200 miles, a feat so far matched only by the Tesla Model S, officials tell the Wall Street Journal. And unlike its critically acclaimed competition, the GM model would come with a more affordable $30,000 price tag, less than half what the Model S costs—at least in theory. While GM already has the technology to make the car, batteries are currently too expensive to begin production, a VP explains.

Battery costs have bedeviled all electric car makers. Nissan's Leaf is currently the best-selling electric car, but it can only manage 75 miles on an electrical charge. One chemist estimates that the batteries cost $500 per kilowatt hour, meaning $12,000 or so of the Leaf's $28,000 price is the battery. Tesla says its batteries are far cheaper, but the Model S costs $70,000. Elon Musk has claimed, however, that they'll have a $35,000 version out within four years, and that it "didn't require a miracle." (Read more General Motors stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.