MICHIGAN — General Motors and Honda are gearing-up to co-develop affordable electric vehicles.
The Automotive giants announced their plan to have E-V's that cost less than $30,000, almost half the average cost of E-V's. This is possible since GM has been in the works of utilizing next-generation 'ultium' battery technology.
The companies have worked to develop a new and cheaper batteries that will improve the performance and sustainability of the vehicle's, including new potential options like silicone, lithium-metal and solid-state batteries.
GM said it will offer a compact S-U-V 5 and a compact crossover, in addition to 30 new E-V's, for under $30,000 as early as 2027.
Honda wouldn't reveal pricing for vehicles just yet, but the company has already said it will launch an electric Honda and an Acura S-U-V in 2024.
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