General Motors has cracked the chemistry of lower-cost, energy-dense electric vehicle batteries. Budget-conscious gasoline holdouts may soon have no excuse.

GM says it has developed cells that will make batteries cheaper and more energy dense. The automaker aims to be the first to bring them to market.

General Motors (GM) and LG Energy Solution have announced plans to commercialize lithium manganese-rich (LMR) prismatic battery cells for future GM electric trucks and full-size SUVs, providing a 33% higher energy density compared to the best lithium iron phosphate (LFP)-based cells,