Elon Musk has confirmed Tesla will soon build its smallest and most affordable EV to date – an £18,000 hatchback with new battery technology.
Tesla launched the Roadster back in 2008, which was the first road-legal mass-produced all-electric car to use lithium-ion battery cells and the first production all-electric car to travel more than 200 miles per charge. The demand for Tesla cars is high, naturally, this type of must-have vehicle comes at a hefty price, until now.
Tesla’s affordable £18,000 compact car is coming and could go on sale in China as soon as next year. It’s not clear when it will come to Europe, but it has already been confirmed that it will be an international vehicle. It’s rumored that the affordable EV could be called the Model 2. Specifications on the car are yet to be released and, but it has been announced that the new ‘cheap’ Tesla will have an LFP battery. LPF batteries are smaller than ones used on most EV’s today and can store and release more electrical energy with less risk of overheating.
This news is exciting for those people who would love to buy an EV but currently find them too pricey, it could have even more important implications for the industry as a whole. Surely other leading brands will follow, maybe we will see even cheaper EV cars in the near future.
A possible insight into what the new Tesla will look like with this artist rendering. (Image – insideevs.com)
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