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.”
A new analysis by HSBC Commercial Banking has revealed that the electric vehicle (EV) infrastructure in Scotland is one of the best-developed, publicly-funded EV infrastructures in the UK.
According to an official press release, Siemens and Volkswagen Group’s Swedish subsidiary Scania have received the go-ahead for a research project in Germany.
German news magazine Der Spiegel has disclosed in a recent report that the German Government is mulling a proposal for the creation of a new joint-fund with the automakers in the country for funding the retrofit of diesel cars.
Tesla Motors Chief Elon Musk announced that the company will issue bonds worth $1.5 billion to improve production facilities and capacity for its mass-market vehicle Model 3.
US-based electric vehicle manufacturer Tesla may now have its own electric vehicle factory in China, because the restrictions on overseas automakers’ ownership of local car factory will be officially phased out by the Chinese government in near fu
In an interaction with reporters on Wednesday, German Chancellor Angela Merkel asserted that the federal government is mulling how diesel car bans and usage restrictions can be avoided countrywide, on all levels of government --- city level as wel