- With Tesla in its sights, GM (GM) is working on an electric car with a range of 200 miles and price of $30,000.
- However, while the technology is available, the battery costs are still too high to achieve the plan, company VP Doug Parks said.
- Parks' comments come a few days after Volkswagen said it wants to become the largest seller of EVs by 2018. That crown belongs to Nissan at the moment.
GM aims for EV with range of 200 miles and cost of $30,000
Sep 17 2013, 03:22 ET