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000 electric car with next-gen battery in the works – The Vergeclockmenumore-arrownoyesFollow The Verge on FacebookFollow The Verge on TwitterRSS feed (all stories on The Verge)SearchVox Media

Tesla announced that it will dramatically reduce the cost of its battery cells and packs — which means the company’s new goal is a $25,000 electric car. The company’s CEO Elon Musk said its new “tabless” battery cells, as well as by changing the materials inside the cell, will allow Tesla to “halve” the price per kilowatt-hour, which will make electric cars roughly the same price as combustion engine ones. The price per kilowatt-hour (kWh) is the unit of energy most commonly used to measure the capacity of the battery

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