The electric vehicle (EV) industry is impacting the German automotive market in a big way. 🚘🔋
The Chevy Volt is still outselling other EVs, even Tesla’s Model S. It’ll be interesting to see how battery technology accelerates and how it impacts pricing.
“investment pundits think that Tesla Motors is on the verge of achieving something big: A battery cheap enough to make electric vehicles cost-competitive with conventional cars..Motley Fool is reporting that the company is on the right track towards developing a battery that costs only $100 per kilowatt-hour — a cost widely believed to be the threshold where electric vehicles can finally be cost-competitive.”
And besides the obvious price difference, Nissan doesn’t have limits on distribution, something Tesla’s fighting in several states.
Give it a few years and we’ll be laughing even harder at the Lexus ad below.