GM Expects Electric Cars To Cost Same As Gas Cars

(CBS Detroit) - General Motors says it expects the price of its electric vehicles to be the same as gas-powered cars within five years.

Thanks to a pending breakthrough in battery chemistry it's working on 30 new electric vehicles and hopes a small SUV will cost under $30,000.

GM anticipates new batteries will be able to run for up to 450-miles on a single charge.

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