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.”
According to reports, Japanese automaker Nissan would be using LG Chem batteries in its next LEAF EV version, rather than using the battery cells produced by its own Automotive Energy Supply Corporation (AESC) battery cell subsidiary.
Sacramento is apparently poised to become the capital of electric vehicles (EVs) in the US; with the city’s EV infrastructure set for a major upgrade via a new $44 million Green City program which will be funded by Electrify America.
Chinese electric vehicle market is fast growing and acceptance of green vehicles in China has increased over the last two quarters.
Tesla stock declined after the company reported lower-than-expected quarterly performance. Tesla has remained among favorite automobile stocks during the past few quarters but the company has failed to improve its production levels.
Ahead of the official unveiling of the iX3 all-electric SUV at the 2018 Beijing Auto Show next week, BMW has teased the forthcoming vehicle for the first time. The vehicle is scheduled to hit the markets by 2020.
During the course of an interview at the 2018 Beijing Auto Show, Detlev von Platen -- Porsche’s Chief of Sales Division -- informed that Porsche is projecting electric cars will account for as much as 50% of the automaker’s vehicle deliveries by t