Detroit, Michigan’s largest city, is looking to get its own electric vehicle, and it’s going to need a lot of money.
Detroit, which is home to more than a million residents, needs to raise $500 million to build a car that’s fast enough to compete with gas-powered models and be a viable option for the city’s older residents.
Detroit has about 3,400 electric vehicles on its roads, but it needs more to reach its goal of 40,000 electric vehicles by 2020.
The city has had to do some extensive research and research and design, said Mike Schoettle, the city council’s director of public works and infrastructure.
“It’s very, very expensive,” he said.
“That’s why we’re doing this.”
Detroit is in the midst of a $1.3 billion plan to convert a highway into a tollway to create a public transit system.
The plan also includes $300 million to fund a $25 million electric car charging station that will be part of the system.
A number of Detroit’s other transportation projects are also on the chopping block, including a new airport, new train stations, and a new streetcar line.
It also will have to build more roads and other infrastructure.
The Detroit Free Press reported that the city is considering using money from a bond measure to pay for the project.
“The city’s not going to be able to pay off the bond without having to raise funds,” said Wayne County Executive Warren Evans, who has pushed for the electric car project.
Detroit’s $500-million goal has been met, but the city still needs to pay back $250 million in bond payments, and to build the charging station.
“I think it’s a little overkill, and I think the cost of building it and getting it up and running, plus the cost to build and maintain it is going to have to be the biggest expense,” Evans said.
He added that the state has already pledged to pay the bond, but that the county will be responsible for the cost.
“We’re in the process of negotiating with the state, and we’re hoping to get a deal done by the end of the month,” Evans told the Free Press.
Detroit has a history of electric cars, which began in the 1950s.
Many Detroiters were inspired by the Ford Model T and the Chevy Caprice, and some started buying cars as a form of self-sufficiency.
Today, there are more than 40,500 electric cars in the city.
However, it can be difficult to find an electric car that will fit into a city.
The average American household owns less than one electric car per month, according to the National Highway Traffic Safety Administration.
The EPA estimates that just 7% of the U.S. population has an electric vehicle.
The National Automobile Dealers Association says that the average price of an electric Nissan Leaf in the U, S. and Canada is $18,000.
Electric cars are becoming more affordable, and automakers are looking to the future.
Tesla CEO Elon Musk said that he wants to make electric cars more affordable than gas-electric cars.
“They are the only gas-guzzling vehicles that we know of that can do zero-emissions,” Musk said.
The cost of battery charging stations is a big concern for Detroit, as is the possibility that the charging stations will cause pollution problems for residents in the area.
It’s also possible that the stations will cost more to build than the average electric car would.
In a statement, Detroit Mayor Mike Duggan said that the cost for building a charging station would be around $150 million.
“Detroit’s electric cars are one of the best performing electric vehicles in the world,” Duggan wrote.
“Unfortunately, it will cost a lot to build electric vehicles for the region.
Detroit needs to invest in its electric car infrastructure, and get a charging system in place that’s ready to go,” Duggans statement said.
It would be up to Detroit to determine the cost, and the city will need a federal grant to do it.
“This is a challenge we have to address,” Duggar said.