General Motors plans to challenge Tesla’s share of the electric vehicle innovation marketplace by doing two things: making a better battery, and putting it in a long-range electric car that’s affordable.GM announced this week that it’s developing a car that can go 200 miles on a single charge — the same distance that Tesla’s Model S can. But the GM version will cost about $30,000, less than half the $71,000 sticker price of the Model S.
The company is also aiming to do an overhaul of the electric car battery. As Quartz explains, Tesla’s Model S uses Panasonic batteries made of nickel, cobalt and aluminum. GM wants to use a lithium-ion battery made of nickel, cobalt and manganese — a chemical mix that scientists think could create a cheaper and more powerful lithium-ion battery, but that right now has some flaws that GM hopes can be fixed.
Right now, GM sells two battery-powered cars: the Chevy Volt, a plug-in hybrid which costs $35,000 and can go 38 miles on a charge before its gas-powered generator takes over, and the Chevy Spark, an all-electric car that can go 82 miles on a charge and costs $26,685 (both costs are before the $7,500 tax credit that electric car buyers are eligible for in the U.S.). GM is also focusing on making its current cars cheaper — the company has said the next generation of the Volt will cost $7,000 to $10,000 less than the current version.
