01-17-2017, 12:45 AM
More than 2 million electric vehicles may be on the world’s roads by the end of 2016, writes the Guardian, citing data from the electric vehicle world database EV Volumes. That should be good news for electric carmaker Tesla. It is not. A closer look at the data shows that most of the growth comes from Tesla competitors, and from regions where Tesla is weak.
For Tesla, Electric Car Sales Explode In All The Wrong Places
A Mustang souped up with electric power and a sport utility vehicle that can go 300 miles on a single charge are among seven new battery-powered vehicles Ford Motor Co. promised Tuesday. There’s just one problem: It’s not at all clear consumers will buy them.
Ford’s Seven Electrified Models Face Risk of Buyer Indifference - Bloomberg
We're in the early stages of what could be a major structural shift in the auto industry, away from passenger cars and into SUVs and pickup trucks. Fiat Chrysler Automobiles CEO Sergio Marchionne already says the change is underway. Other industry leaders aren't yet ready to give up on cars, but they're struggling to figure out what to do with small cars: vehicles that are priced in the same ballpark as the forthcoming Model 3. Admittedly, it's much harder to make a decent profit off a small car that sells for around $20,000, so Tesla has some cover by pricing the Model 3 about $10,000 higher.
Tesla may not be able to afford to make Model 3 - Business Insider