Tesla and GM battle for dominance in mid-sized, middle-class EV market
California-based electric vehicle manufacturer Tesla Motors is facing strong competition from Detroit automaker General Motors (GM) in the mid-sized, middle-class electric vehicle (EV) market.
Despite the fact that Tesla has thus far dominated the EV market in the high-end segment, the company introduced its Model 3 four-door EV with starting cost of nearly $36,000 (before tax breaks) two years back. But Tesla Motors has been facing persistent production delays for the vehicle.
While Tesla is falling short of its targets in terms of Model 3 production, GM has been recoding a significant increase in the deliveries of its Chevrolet Bolt --- a four-door EV (hatchback) which is comparably sized to the Tesla Model 3, and has a similar base price.
General Motors managed to get the Bolt EV to the dealerships ahead of Tesla’s Model 3; thereby giving potential EV buyers a mid-sized electric car. Chevy Bolt has a longer range of 238 miles per charge, as compared to Tesla Model 3’s range of 220 miles per charge.
In the wake of the intensifying rivalry between Tesla and GM in the mid-sized, middle-class EV segment, Navigant Research’s transportation analyst Scott Shepard told Seeker: “Tesla’s position is better, because they’ve proven there is significant demand for the technology generally.” Meanwhile, reviewers like Consumer Reports have lauded the Bolt EV, and have asserted that the vehicle is “shockingly good.”
Tesla Motors CEO Elon Musk has told Tesla employees via a recent email that Model 3 production ramp has recorded some noteworthy progress this week. The report was first published by electric vehicle magazine Electrek.
According to a new report, EV startup Rivian Automotive has shared some interesting details about two electric vehicles -- A1T Pickup Truck and AIC SUV -- which it plans to produce at an old Mitsubishi vehicle-manufacturing factory in Normal, Illi
In a recent announcement, Germany-based home battery pack and electric vehicle charger manufacturer sonnen has said that it has secured a new financing round of ~$70 million USD.
In a recent Twitter post, Tesla CEO Elon Musk has apparently announced that the automaker’s Model Y electric car is likely to be revealed next year, on “March 15.” This disclosure by Musk has come in response to a query from a Twitter user.
According to a recently released report based on new vehicle registrations, Tesla Model 3 became the best-selling car in the ‘mid-size premium sedan’ segment -- electric and other vehicles included -- in California during the first quarter of 2018
British energy company BP has announced that it is investing an amount of $20 million in Israeli startup StoreDot which is known in the battery world for its ‘ultra-fast charging battery.’