Technology improves, in most industries, and it’s improving at a fast clip in the electric vehicle industry as more and more companies, researchers, investors, and engineers get in on the game. As Chris DeMorro of Gas2 notes below, “Renault is working on a second-generation battery pack for the Zoe EV that could offer about 220 miles of driving range in a vehicle that currently costs around €15,000, or about $20,000.” That’s some pretty awesome news!
Put in other terms, the Renault Zoe EV would have a similar range as the Tesla Roadster or base Model S, but it would be about 3 times cheaper. And, as Chris notes, 200 miles is plenty satisfactory for most driver’s needs.
How is Renault doing it?
“The secret is that, unlike Nissan and its Leaf, Renault leases the battery to customers, rather than sell the whole package, at a cost of €100, or about $125, per month,” Chris notes.
We’ll see if this sparks such policies from other companies offering electric vehicles (and which companies aren’t these days).