Musk: New battery tech could make US$25,000 EV possible in three years

Musk: New battery tech could make US$25,000 EV possible in three years
Tesla CEO Elon Musk said late September that cheaper batteries made in-house by the automaker should let them bring a US$25,000 EV to market by 2023.

Musk hosted a live presentation he called “Battery Day” September 22, where he laid out the plan to bring the more affordable, fully autonomous Tesla to customers “in about three years time.”

“This has always been our dream, to make an affordable electric car,” the exec said, but in order to get there, Tesla’d needs to refine its latest battery tech: new cylindrical cells that produce a claimed five times more energy than conventional batteries, offering six times more power and 16 per cent better range.

On top of the battery news, Tesla also revealed its Model S Plaid, which boasts 1,100 horsepower and can do zero to 96 km/h in under two seconds. The vehicle can also run the quarter-mile in the nine-second range, and lap Laguna Seca in 1:30.33 minutes. Musk went even farther, claiming the vehicle could outrun anything any other company could produce.

First Drive: 2019 McLaren Senna

“We’re confident the Model S Plaid will achieve the best track time of any production vehicle ever,” Musk said. “Of any kind. Two-door or otherwise.”

Currently, the McLaren Senna holds the record for the fastest lap around Laguna Seca, with a 1:27.62 time, and Musk says the Plaid could pick up three more seconds going around the track, making for a tight race.

The Model S Plaid is available now, and will cost US$140,000. Canadian pricing or availability has not been announced.
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