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
Most Popular Stories
- More Hispanic Voters May Not Mean More Clout
- 2016 Camaro Shrinks, Moves to Caddy Platform
- Apple Pay Debuts With Few Issues
- Eric Garcia Appointed as Revenue Chief
- Government: 500 Million Records Stolen in 12 Months
- Stocks Subdued After Gains Earlier in Week
- Pistorius Gets 5-year Sentence in Shooting Death
- Mom Makes Toys R Us Pull 'Breaking Bad' Dolls
- Volatility No Reason to Bail on Stock Market
- Cuba Deploys More Medicos in Ebola Fight