Tesla would be very close to a $25,000 electric car

If you remember, the emergence of the first generations of the electric car as we know it these days first took the form of a war of numbers between Tesla and General Motors. The (literally) $35,000 question: who would be the first automaker to produce an “affordable” electric car capable of a range per charge comparable to that of a full tank of gas?

This led to the birth of the Chevrolet Bolt and the Model 3. And since then, we talk a lot less about the selling price of EVs and more about their range, and with electric SUVs and pickups on the horizon, the question of price has taken the edge a bit.

But that does not stop Tesla, for one, from trying to reduce the price of its vehicles, and in its case, the Californian manufacturer would be very close to the goal. According to what Reuters reported earlier this week, Tesla already has the next generation of batteries in its labs that will allow it to produce the equivalent of a Model 3 whose retail price will be 8 to 10 percent lower than its current price.

According to experts, that would equate to selling the small sedan for US$5,500 less than its current price, all else being equal.

The only problem at the moment is that Tesla has not yet managed to produce this battery of the future on a large scale. Obviously, we imagine that it is above all a question of time before it is settled.

Tesla’s goal is very ambitious: Elon Musk’s company hopes to sell 20 million EVs worldwide by 2030. To get there, it will have to reduce its prices. We think a $25,000 Tesla, or about CA$33,000, would be a good way to go.

By subtracting $5,500 from the price of a Model 3, Tesla is taking a step in the right direction, but at $46,000, its current price, there is still a long way to go…

The text Tesla would be very close to a $25,000 electric car comes from L’annuel de l’automobile

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