Tesla CEO Predicts Auto Industry will be Fully Electric by 2030

Paul Lilly

Tesla Motors CEO Elon Musk isn't buying into the theory that the world will end in 2012. How do we know that? Because the ambitious CEO is making some bold predictions for the next two decades.

According to Musk, long range vehicle battery backs will be ultra affordable by 2020, and if you find that hard to believe, get this. By 2030, Musk predicts that all cars sold in America will be electric, egmCarTech.com reports .

Musk's time-frame might be overly optimistic, but it's understandable given his company's desire to push electric vehicles. Tesla plans to unveil the Model X SUV later this year, which will be followed by an affordable electric sedan priced around $30,000.

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