By Matt Christopherson

(CBS Detroit) – General Motors says it expects the price of its electric vehicles to be the same as gas-powered cars within five years.

Thanks to a pending breakthrough in battery chemistry it’s working on 30 new electric vehicles and hopes a small SUV will cost under $30,000.

GM anticipates new batteries will be able to run for up to 450-miles on a single charge.

© 2020 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.

Matt Christopherson