• 2 days PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 2 days Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 2 days Syrian Rebels Relinquish Control Of Major Gas Field
  • 2 days Schlumberger Warns Of Moderating Investment In North America
  • 2 days Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 2 days Energy Regulators Look To Guard Grid From Cyberattacks
  • 2 days Mexico Says OPEC Has Not Approached It For Deal Extension
  • 2 days New Video Game Targets Oil Infrastructure
  • 2 days Shell Restarts Bonny Light Exports
  • 2 days Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 3 days Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 3 days British Utility Companies Brace For Major Reforms
  • 3 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 3 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 3 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 3 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 3 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 3 days Rosneft Signs $400M Deal With Kurdistan
  • 3 days Kinder Morgan Warns About Trans Mountain Delays
  • 4 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 4 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 4 days Russia, Saudis Team Up To Boost Fracking Tech
  • 4 days Conflicting News Spurs Doubt On Aramco IPO
  • 4 days Exxon Starts Production At New Refinery In Texas
  • 4 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 5 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 5 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 5 days China To Take 5% Of Rosneft’s Output In New Deal
  • 5 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 5 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 5 days VW Fails To Secure Critical Commodity For EVs
  • 5 days Enbridge Pipeline Expansion Finally Approved
  • 5 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 5 days OPEC Oil Deal Compliance Falls To 86%
  • 6 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 6 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 6 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 6 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 6 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 6 days Aramco Says No Plans To Shelve IPO
Major Oil Traders See Upside For Oil Prices

Major Oil Traders See Upside For Oil Prices

The world’s oil trading majors…

The U.S. LNG Boom Could Be About To Stall

The U.S. LNG Boom Could Be About To Stall

United States LNG has seen…

GM Hopes New Battery Tech will Steal EV Market from Tesla

GM Hopes New Battery Tech will Steal EV Market from Tesla

Tesla is probably the most famous manufacturer of electric vehicles. They appeared on the market and quickly surpassed existing car makers and to dominate with their Tesla Model S.

On Monday, General Motors, the world’s second largest car maker, announced that it intended to steal back the EV market from Tesla by building an electric car that could rival the 200-mile range of the Model S, whilst selling the vehicle for just $30,000, less than half the price of the Model S.

The key to GM’s potential success lies in the fact that Elon Musk relies on old technology, whereas GM plan to push the known boundaries to develop new, better and more efficient technology.

For the Model S Tesla uses normal commodity batteries made by Panasonic; merely a larger version of the regular cylindrical batteries that you can buy in electrical shops. The batteries contain a chemical composition of nickel-cobalt-aluminium, which is cheaper than most rival batteries, but suffers from catching fire easily. Tesla was able to overcome this flaw by introducing a control system to manage the batteries.

Related article: DOE Under Fire over Clean Car Loan Loss

GM has decided to master a new battery technology that will be much more efficient than any other battery out there. A form of lithium-ion technology, they hope to perfect the composition of a battery that contains nickel, cobalt, and manganese (NMC), which scientists think will produce more powerful, and cheaper batteries than any other lithium-ion chemical composition. The problem is that there are still several physical flaws that no one has yet overcome; GM hopes to be the first.

GM already offers two electric cars to the market, the Chevrolet Volt at $35,000, and the Chevrolet Spark EV at $27,500. The Model S has managed to sell far more models than the Volt this year, despite its sale price of $71,000; this is entirely due to the fact that the Model S offers a 200 mile range, whereas most other EV’s can travel just 100 miles of less between charges.

GM admits that it might be able to learn something from Tesla’s success, and plan to release a $100,000 EV that will directly compete with the Model S.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment
  • s scot on January 14 2014 said:
    Have ever heard of the EV1? and what -m did not do with a network and technology the had. I drove the EV1 it was a great car with the wrong heavy batteries. Did --M- not have a battery (non lead acid) in 1990 when the aero 2000 body concept was looked at? Did -M- not shred the electric vehicle ?Did a certain companey threaten law suites to leases if they did not turn in the corp , and actualy come to leases house with tow truck to pick up vehicle ? Just a question ? Not that it happen to me? Or did it ? was all a strange dream maybe? I am no saying anything just asking?

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News