"If battery-powered cars can compete with or exceed gasoline-powered cars in terms of range and cost, that will change the world."

It's part of a multi-million dollar plan to improve the grid.

This may be the improvement batteries have needed for years.

The electric vehicle also has more than 500 miles per charge.

"This is a game-changing advance."

Approximately 95 percent of consumer batteries sold in the US are not recycled and are ultimately thrown away."

It'll provide enough power for more than 30,000 homes.

Elon Musk claims the Model 3's batteries have the "best energy density in the world."

You could be driving your new Tesla for 20 years.