The automaker recently expanded the nameplate with the Bolt EUV (short for electric utility vehicle), which adds more legroom in the rear seats. GM’s Chevrolet Bolt (right) has been a sales leader in the EV segment. GM’s mid-term goal will be to have a manageable-size, weight-battery pack good for 500 to 600 miles at a cost 60% less than the cost of batteries in the Chevrolet Bolt EV and Bolt EUV. This week, General Motors announced a next-generation battery “innovation facility” in Michigan, and said it sees a path not just to $100 cost per kilowatt-hour but to $60 (manufacturer costs for the battery cell material, not cost to the car-buyer). Steve Carlisle, the head of the Cadillac brand, earlier this year told Forbes Wheels that he expects to see Cadillac target 400 miles in the future – though its first BEV, the Lyriq, will come in around 300. The highly regarded BMW iX SUV, the size of a soft-edged X5, projects 300 miles on U.S. Of the dozens of new models coming to market over the next year, virtually all will top 200 miles between charges and “250 is becoming the norm, with more and more delivering over 300 miles,” said Sam Abuelsamid, the principal auto analyst with Guidehouse Insight. At 520 miles per charge, the Lucid Air Dream Range model leapfrogs the current champ, the 402-mile Tesla Model S Long Range by more than 25%. The path to 50% and 100% would both be reached if sales increase each year by 5% over the previous year’s EV sales.īringing down the hefty price premium will help address one of the biggest challenges to broader EV acceptance – as will rising range. If not, California, New York and other states might require 100% zero-emission by 2035. There is pressure on the administration to order all vehicles by electric by 2035. The Biden administration wants 50% of vehicles to be electric-zero-emission-by 2030. using union labor which rules out all the New South factories. To add some teeth to that plan, Congress is working up a new round of incentives that could grow to as much as $12,500 – though there’s been pushback on a provision that would specifically benefit models built in the U.S. In August, President Joe Biden signed an executive order that calls for plug-based vehicles – including BEVs and plug-in hybrids, or PHEVs – to generate half of all U.S.
Getty Biden Administration Goal: 50% Electric by 2030Īnd Washington hopes to lend a hand.
President Joe Biden, one of the first to drive the Ford F-150 Lightning.
A 100-kilowatt-hour battery in a large or high-performance vehicle would cost “only” $10,000. GM had said it expects to spend about $100 per kilowatt-hour for the new batteries it will use in products like the Hummer and Cadillac Lyriq, then this week said it sees the path to $60 per kilowatt-hour, down from $140 for the batteries in the troubled Bolt. On the whole, BEV prices are expected to remain higher than for comparable gas-powered models, at least through mid-decade, but the trend is downward as manufacturers bring new battery technology to market, according to research by the Boston Consulting Group. VW plans to add a $25,000 version of the ID.4 once production begins at its plant in Tennessee. While the Lucid Air Dream Edition will top $160,000, Nissan recently added a base version of its Leaf model that, after factoring in $7,500 in federal tax credits, starts at just under $20,000. And they’ll flesh out a broader range of product segments, and at a wider range of prices. The market will soon be awash in entries from A to V, Audi to Volkswagen and Volvo, with new models from BMW, Cadillac, Ford, Genesis, Jeep, Mazda, Mercedes-Benz and, well, pretty much every automaker. Survey: 23% Of Americans Would Consider EV As Next Car.