GM aims for EV with range of 200 miles and cost of $30,000

|By:, SA News Editor

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.