GM Floats Plan for Vehicle that Rivals Tesla WSJ com

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General Motors is an electric car that can go 200 miles on a for around $30,000, offering a to luxury electric-car startup Motors Inc. Mike has details on Lunch Break. GM/European Pressphoto Agency.

Parks, GM’s vice of global product programs, the effort on Monday at GM’s laboratory and test facility in Mich. but didn’t say when the car be available. He said while the is available now, the cost of the remains too high to be able to off the feat today.


GM’s to raise the profile of its battery efforts comes as Tesla is the established auto industry’s to technology leadership with its and up Model S. Mr. Parks’ comments just a few days after Volkswagen AG VOW.XE +1.37% AG Germany: Xetra € +2.40 +1.37% March 11, 2:51 pm Volume. 40,108 P/E 9.49 Market Cap €82.01 Dividend Yield 2.26% per Employee €358,349 03/03/14 Draw Some Clients 02/24/14 Heard on the Street: 02/24/14 Volkswagen Shares on Ou.

More quote details and VOW.XE in Your Value Change Short position it intended to become the largest of electric vehicles by 2018.

and industry executives say Tesla, GM, VW and the global electric vehicle leader, Nissan Motor Co. all the same problem: current vehicle batteries are too expensive, and too little usable driving compared with vehicles by internal combustion engines.

The number of electric and plug-in vehicles for sale in the U.S. has than quadrupled to 15 vehicles 2010 as auto makers out new models to comply with mandates. But sales of electric and hybrid vehicles account for than half of one percent of the market, despite price discounted leases and government tax that can add up to as much as $12,500 a depending on the state.

GM has sold 15,000 of its battery-powered Chevrolet cars this year August, aided by incentives and

Nissan’s approach is to argue extending the range of electric to 200 miles isn’t worth it most people don’t farther in a day than the Nissan 75 miles of all-electric range. The costs $28,800 in the U.S. federal tax credits.

Tesla is the lone auto to offer long-range electric with its Model S—and still hasn’t shown it can make money selling

Tesla Chief Executive Musk said recently it didn’t require a miracle to a 200-mile range electric car for $35,000 in the next three or years.

Every other EV on the market gets about 100 of range or less. Starting for them currently range $25,000 for the Smart Fortwo EV and for the RAV4 EV. BMW’s i3, launching this year, is expected to at $41,350.

Kevin Gallagher, a chemist and at the Department of Energy’s Argonne Laboratory, said auto are spending about $500 a hour on battery packs. means the 24 kwh pack on the Nissan would cost around Last year, Ford CEO Mulally said the battery on the EV with 23 kwh of energy costs $13,000 and $15,000.

Tesla Technical Officer JB Straubel the company’s battery costs are or even a quarter of the price of the average, partly because of the strategy to use thousands of commodity casings rather than the batteries that GM and Nissan

The battery prices in the Model S are lower than what expects today, he said in an Mr. Straubel expects the energy in Tesla’s batteries will by more than 20% by the time mass-market car comes out in about years.

More energy in batteries equate to longer driving for roughly the same price.

doesn’t disclose what its cost. Toyota Motor s 7203.TO +0.36% Toyota Corp. Japan: Tokyo 5842 +21 +0.36% March 11, 3:00 pm Volume.

4.55M P/E 10.06 Market Cap ¥20070.79 Dividend Yield 2.57% per Employee ¥74,833,100 03/07/14 Car Try to Make It Big. 03/05/14 Exporters Reap Curr. Nissan sees slower in C. More quote details and 7203.TO in Your Value Change Short position RAV4 sport-utility vehicle is by Tesla with batteries and a motor. It has a 41.8 kwh battery and has 103 miles of range.

The starting price of $49,800 is $26,500 more than the combustion engine RAV4 starts at $23,300.

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