Seen here is a man charging a hybrid Chevrolet in Jeju, South Korea, in June 2017. General Motors and Honda announced on April 5 that they'd be teaming up to build a $30k electric car.
Mandatory Credit: SeongJoon Cho/Bloomberg/Getty Images
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GM, Honda are teaming up to build a $30,000 electric car
Building a cheap car that is also profitable for the manufacturer is shockingly difficult. Because of the high cost of battery components, it becomes even more difficult if that car is electric. But Honda and General Motors, two of the biggest car companies in the world, believe they can crack the code to producing a low-cost EV. And they want to do it together.
