Elon Musk: In 20 years, more than half of new car sales will be fully electric

At the launch of new Model S electric sedan, Tesla Motors CEO Elon Musk said that electric-cars will start matching the popularity of gasoline powered vehicles by the middle of next decade.

Check out more news on the Tesla Model S.

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“In 20 years more than half of new cars manufactured will be fully electric,” Musk said. “I feel actually quite safe in that bet. That’s a bet I will put money on.”

Musk went onto say that it may even happen sooner. “It’s probably going to be in the 12- to 15-year time frame.”

Refresher: The Tesla Model S sedan can be recharged from any 120v, 208v or 240v outlet. Depending on which Model S trim-level you chose, the all-electric sedan will provide you with a total range of 160, 230 or 300 miles per charge. 0 to 60 comes in just 5.6 seconds with a top speed that is limited to 130 mph. Pricing is expected to come in at $49,900 after a federal tax credit of $7,500. A $5,000 reservation fee is required but is refundable.

– By: Omar Rana

Source: Reuters