Hence, the race for an affordable and clean electric car with long-range capabilities has officially begun. General Motors and Tesla are neck and neck as they set out to master a battery that will last for more than 200 consecutive miles, and to build a car that they can charge less than $40,000 for. In other words, who can produce thecheapest and most mobile badge of progressive thought and awareness for the American everyman? The only downside to this competition is that, as of late September 2013, both companies are only in early planning stages. Even though the starting gun has been shot, we won’t know who crosses the finish line first until several years from now.
According to Jeff Blagdon’s article on theverge.com, “The biggest problem standing in the way of mass-market electric vehicle production is battery cost. The [Wall Street] Journal points out that the majority of EVs on the road have a range of under 100 miles, allowing them to keep battery costs comparatively low, but doubling that capacity and still keeping prices in the $30,000 range would be difficult.”