News Column

GM Working on Cheaper Electric Car

September 17, 2013

Baystreet Tech Insider

A top General Motors Co. executive says company engineers are working on an electric car that can go 200 miles (320 kilometres) per charge and cost around $30,000 U.S.

Vice-President of Global Product Development Doug Parks wouldn't say when or if such a car will be built. But he says automakers are racing to develop batteries that will go that far at a lower cost.

Currently GM sells the $35,000 Chevrolet Volt plug-in hybrid, which can go 38 miles (about 60 kilometres) on electricity before a gas-powered generator kicks in. It also offers the all-electric Chevy Spark subcompact that can go 82 miles (about 130 kms) on a charge. It starts at $26,685 U.S.

Parks says GM has technology to match the 200-mile range of the $71,000 U.S. Tesla Model S, but is shooting for lower prices.

General Motors closed Monday trading on Wall Street at $36.22 U.S., up 16 cents from Friday's close, in a 52-week range of $22.67 to $37.71 U.S.

1998 - 2013 Baystreet.ca Media Corp. All rights reserved.

Original headline: GM working on lower-priced electric car


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Source: © 1998 - 2013 Baystreet.ca Media Corp. All rights reserved.


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