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DETROIT, MI - JANUARY 9: The all-electric Chevrolet Bolt EV is shown on stage after it won the Car of the Year Award at the 2017 North American International Auto Show on January 9, 2017 in Detroit, Michigan. Approximately 5000 journalists from around the world and nearly 800,000 people are expected to attend the NAIAS between January 8th and January 22nd to see the more than 750 vehicles and numerous interactive displays. (Photo by Bill Pugliano/Getty Images)

Getting an electric vehicle could soon be easier, thanks to Honda and General Motors. The two companies are working together to develop an electric car that will be priced under $30,000.

According to the Kelley Blue Book, this cost is half of what electric vehicles had been selling for last year.

The Honda-GM electric car series will debut in North America in 2027. These cars will be compact crossover vehicles, similar to Honda’s CRV, HRV, and Pilot and GM’s Chevy Blazer, Equinox, and Tahoe.

According to Consumer Affairs, the GM chair and CEO Mary Barra said, “GM and Honda will share our best technology, design, and manufacturing strategies to deliver affordable and desirable EVs on a global scale, including our key markets in North America, South America, and China.”

The president and CEO of Honda Toshihiro Mibe said, “Honda is committed to reaching our goal of carbon neutrality on a global basis by 2050, which requires driving down the cost of electric vehicles to make EV ownership possible for the greatest number of customers.”

One aspect that both companies wanted to invest in is the batteries these EVs will have. The focus of these vehicles is the “next-generation Ultium battery technology” (Consumer Affairs).

Would you drive an electric vehicle? How much is too much to spend on a vehicle like this? Would you pay $30,000 for one?

Source: Consumer Affairs

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