Spark of creativity

14 May 2020 By Antony Currie Follow @AntonyMCurrie

A big battery upgrade could soon make Model 3s as cheap as gas guzzlers, Reuters reports. That’d be a big leap ahead for electric vehicles and could also shake up utilities. But the infrastructure needs work. And boss Elon Musk has a history of overpromising and underdelivering.

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Tesla is planning to introduce new lower-cost batteries with longer life into Model 3 cars sold in China as soon as later this year, Reuters reported in an exclusive article on May 14. The battery, being jointly developed with China’s Contemporary Amperex Technology, would allow electric vehicles to be sold at a profit for the same price or lower than vehicles that run on gasoline.

The battery would at some point be introduced into Tesla vehicles in other markets, with the goal being to improve both energy density and storage capacity, as well as reduce the price even further, the article said. The batteries could also be later used in electric-grid systems.

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