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GM Plugging in a Potential Game-Changer

New Chevy Bolt expected to see huge drop in battery costs.

by on Nov.11, 2015

The Chevy Bolt shown during its January 2015 debut at the Detroit Auto Show.

When it comes to electric vehicles, it’s all about the batteries. They determine range, charging time, performance and, of course, price. And the longer the range the higher the price tag.

But General Motors believes it’s close to the proverbial paradigm shift as it gets ready to bring its new long-range Chevrolet Bolt to market. The 200-mile battery-electric vehicle is expected to have the lowest-priced batteries available, breaking a target price many experts didn’t anticipate could be reached for at least five more years.

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“We’re going to be at $145 a kilowatt-hour when we launch the Bolt,” said Mark Reuss, GM’s global product development director, during a lunchtime interview.

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