Tesla, an American electric car manufacturer is all set to launch the first batch of Tesla Model S in UK on June 7. The impressive right-hand drive Model S does not have to be plugged in over the night to charge it. It can be recharged in just 20-minutes and goes freaking 300 miles on a single charge. The car is expected to sell for £70,000 providing extra 100 miles on the charge as compared to its competitors and can accelerate to 60 Mph in just 4.2 seconds.
In addition, Tesla is planning on setting up battery power plant named Gigafactory. This gigantic $5 billion dollar factory will produce 35GWh of battery storage a year. This is far more than all the lithium-ion batteries produced worldwide in 2013. The prices for batteries are dropping at a faster rate. However, this factory is designed to reduce cell costs much faster than status quo. The laptop battery prices fell from $2,000 to $250 over a 15-year period whereas lithium ion battery prices fell from $650/kWh in 2009 to about $450 in 2010. This will hugely benefit Tesla when it starts ramping up production in 2017.
Keeping the pace similar, it is expected that by 2017 Tesla will be manufacturing cars that can go 500 miles on a single charge. As reported, by the early 2020 Tesla’s innovative capabilities will lead to a car that can travel more than 1,000 miles on a single charge which may even be lower the $35,000. Cars as powerful and elegant as Model S will be in reach to common people very soon.