Thanks to the new type of battery, Tesla’s electric cars will be significantly cheaper. Inside the company, it is called a “battery for a million miles”, which will lower the price of electric cars to the cost of conventional cars with internal combustion engines.
Tesla plans to introduce a new, cheaper, more durable, and capacious battery at the end of 2020 or the beginning of 2021. The new battery will initially be used in China’s Tesla Model 3 models.
Such a battery is notable for its low price and durability, and its use is expected to make it possible to compare the cost of electric vehicles with the price of conventional cars with an internal combustion engine.
A little later, the new battery will begin to be installed on other Tesla models. Over time, electric vehicles with such a battery will appear in other markets, including North America.
Officially, Tesla has not yet commented on this information.