With battery technology evolving as quickly as it is, an electric car that could drive round-trip between New York and Washington, D.C. on a single charge could be just 10 years away, according to Elon Musk.

John Voelcker at Green Car Reports says that Musk made that prediction at Barron's Investment Conference. Such progress could be possible thanks to the fact that as batteries have advanced, their prices have fallen as well. Portable lithium-ion cells have averaged a seven-percent improvement in cost-performance every year since the early 1990s, according to Voelcker.

Additionally, once Musk's Gigafactory in Nevada starts producing battery cells (which could happen ahead of schedule, unlike other Musk projects), Tesla expects the price of batteries to drop a full 30 percent.

"A 500-mile pack in 2025 would cost no more than today's 250-mile pack," Voelcker reasons. For anyone skeptical about this logic, keep in mind that just ten years ago, there was basically no mainstream electric car. Buckle down, everyone. The long rangers are coming.

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