General Motors Corp (GM)

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GM plans $30K electric car to challenge Tesla Motors
Lance Murray
Dallas Business Journal
Date: Monday, September 16, 2013, 11:00pm CDT

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General Motors Co. plans to build an electric car to rival Tesla Motors Inc.'s hold on the luxy electric-car market, the Wall Street Journal reported.

The Journal said that effort was disclosed Monday by Doug Parks, GM's vice president of global product programs at the company's battery laboratory and test facility in Warren, Mich.

The car will sell for roughly $30,000 and will be able to go 200 miles on a charge, the Journal said. General Motors (NYSE: GM) has a large assembly plant in Arlington where it makes full SUVs.

The Journal said that Tesla is challenging the major automakers with its $70,000 Model S that can go roughly 200 miles on a charge. Tesla recently announced a free super charger station for its Model S cars in Bellmead, on Interstate 35 between Dallas-Fort Worth and Waco.

The new GM car would be a true electric car, as opposed to its Volt model, which has a gasoline engine that recharges its batteries.

Not all Tesla models will be able to recharge at the Bellmead station, though. An Arlington man told DBJ Staff Writer Nicholas Sakelaris that his $130,000 Tesla roadster can't use the station because it charges on an AC system.