The Truth About EV Competition

Tesla is dominating the EV market, there is just no real

competition

, even though many have been claiming for years that the global

competition

is going well technically, they were not wrong. Hello, Jaguar GM and many others did produce electric vehicles, but they were not the so-called The Tesla killers some thought would be in the US if it is electric and if it is not a Tesla, it is probably not selling very well because around 80% of Evie's U.S. sales last year came from Tesla. In December, Jaguar sold only 176 units, sold 746 e-tron and Nissan sold 1200 and 27 leaves compared to Tesla these results are a big disappointment according to Insight V Tesla sold around 47,000 model threes in the US during the fourth quarter and globally sold more than 112 thousand cars, of course, with a global car market of almost 80 million units per year.

However, Tesla is barely scratching the surface, if consumers and regulators continue to push for electrification and if this is the start of a new race, Tesla's competition is making a pretty bad first impression, so why are Automakers simply can't compete with Tesla? the only thing they have, the simple reason for falling behind is because nothing can compete with the model three's perfect combination of range performance technology: charging network and of course a value in reality, although it is a little more complicated than that, the cost and availability of the current ones. Lithium-ion cells simply do not allow automakers to build an electric car without making sacrifices in aspects such as range, quality, benefits or price.

The cost of a battery pack can be several times more expensive than an internal combustion engine propulsion system, according to Bloomberg. Lithium-ion cells cost about $156 per kilowatt hour, which means a Chevy Bolt battery could cost more than $10,000, plus the electric motor at other competing manufacturers, manufacturers must pass on that. cost to the consumer or manufacturing sacrifices in quality to keep costs reasonable, this is probably why a $37,000 bolt just doesn't feel like a $37,000 car, even if the manufacturers sold these cars at a significant loss, they simply They increased the volume, the next problem would be finding enough battery cells, which is already something Odie is fighting to get Tesla to make the high-volume Model 3.

Tesla and Panasonic teamed up and spent approximately $5 billion to build the first Giga Factory battery plant in Nevada, even though this plant has made Panasonic the largest producer of lithium-ion cells, the factory entered in operation in 2016 and, until the last quarter, only allowed Tesla to have an annual run rate of around 420 thousand units, impressive as it would not even cover the sales of Toyota's rav4 in the United States alone. These restrictions simply didn't make business sense for manufacturers to sacrifice stable profits and spend tens of billions of dollars diving into the Eevee space full force; However, this did not stop manufacturers from at least trying to compete with Tesla that many automakers have introduced.

New electric vehicles have recently been launched on the market, but these vehicles are based on modified platforms that were designed for gasoline cars, not electric cars, and that is a problem, a major problem with this is that you end up with a similar vehicle, if not the same, which uses a much greater distance. The most expensive powertrain, for example the Hyundai Kona SEL, starts at $21,000, but the electric version of the Kona starts at $37,000, which is almost 80% more expensive than even the I pace, and the e-tron costs at least 50% more than their ice counterparts, unlike most others.

Porsche went all out and developed the ty with a distinctive design that even used its own platform. The ty con is not perfect but it has many redeeming factors such as consistent performance on the track, beautiful design and Porsche driving experience, in fact the Porsche ty con was kind of the first electric car that really caught attention from Elon Musk a few days after the official announcement. Elon Musk took to Twitter and announced that a Model S would be heading to the Nurburgring track in Germany. Tesla shipped heavily modified prototypes that used a new triple-motor powertrain called the Platt, other modifications included larger wheels, high-performance brakes, widened fenders, large wings, and a diffuser.

This was an unusual move on Tesla's part because although the tie was higher on the track, it fell short on range and the high performance variants are extremely expensive, the tie with turbo s can easily cost someone over two hundred thousand dollars and is easily the least efficient Evie on the market with a range of 192 miles, but this is only according to some independent EPA tests and reviews show significantly better results for the Tie Con for buyers who care less about speed and still want an e v that isn't a tesla, the tie con 4 is a great alternative, should have over 200 miles of range and a price tag of $110,000.

About 10 percent more than a 911 bass and about the same when you factor in U.S. tax credits, the Tie Con may not be everyone's perfect Evie, but it's unique, cool, and comes from a big car manufacturer that even Will Smith has won. The most important thing is that the tie is a preview of what we can expect from the competition in the coming years. Developing a new car takes many years, especially when designing a new vehicle from scratch, so the car may look the same for five or six years. years without undergoing major changes, in fact, the mission was presented a prototype in 2015, which was before the Model 3 was presented, since it takes a long time to develop a new vehicle, most of the cars we see on the roads today They are the result of how automakers thought about electric vehicles even before the Model 3 was introduced.

It's okay to make a guess back then, they probably didn't take electric vehicles that seriously, however, testing had success with the gigafactory battery plant and the affordable Model 3 proves that electrification is possible and manufacturers are now forced to work harder than ever when it comes to electrifying their fleet, automakers are now working on their own battery plants batteries and investing tens of billions of dollars in e-V technology, some have even put the brakes on further development of the internal combustion engine since a car was launched. It takes so long to develop that we are only now starting to see the results of what automakers have been doing after witnessing the Model 3.

Volkswagen is by far making the most aggressive push towards electrification with many new models that its CEO even believes they can achieve. and will eventually overtake Tesla later this year, the Mustang Mach II will go into production and next year Mercedes should start producing the high-end EQs, even the BMWs working on the i-4 that will directly compete with the model 3 in 2022, of course we can't. Forget the mockery, it has received billions of dollars from companies like Ford and Amazon and will launch its truck later this year. Unlike previous products, these are real electric vehicles and not compliant vehicles.

Naturally, Tesla is a big leader in efficiency and other technologies, and it hasn't. I have not been asleep at the wheel with new products like the model and the semi, the Roadster and the cyber truck. Tesla's lead is so far ahead that many are even beginning to speculate that the competition is screwed. I know a lot of people like to refer to Tesla as the next Apple and that this is just the iPhone moment. However, I think there are a couple of differences between Apple and Tesla, but it doesn't necessarily negate that argument, but it makes it less likely to be true, at least in my opinion.

The iPhone was introduced. It was arguably one of the biggest mistakes in history before any consumer smartphone manufacturer could even imagine such a device before Steve Jobs introduced it on stage. The iPhone changed everything from the way a phone looks to how the user controls it. I remember the audience reaction to something as simple and intuitive as pinch to zoom, so let me go ahead and pick up the camera again, yeah, there it is, right there I can, I can take my fingers and I can, we call it pinch. I can zoom them in and spread them out to make it bigger or smaller and so I can just spread them out further and stretch the image not only that the iPhone is extremely profitable from day one and that Apple has increased its production to over 100 million units. annually in just a few years despite the climate of the Great Recession, as far as Tesla was concerned, the Model 3 was definitely a shock to the industry, but it was the company's fourth product and it took longer than expected to reach the market. market with accelerated production, which has given the competition valuable time to observe and respond with their own products, which makes me question some people's idea that the competition is broke or bankrupt.

I like to see the auto industry as a marathon rather than a sprint and I feel pretty confident that new dedicated vehicles will eventually be released that will excite consumers. Manufacturers are currently operating a money-printing business and need to balance the transition to Vs overcoming battery costs and supply constraints, which likely won't happen overnight for companies. like Honda and Toyota, which thrive in affordable segments, this could take longer. That's probably why they've focused on the cost-effective plug-in hybrid model which is promising in the short term, this summer Toyota will launch the rav4 prime which has 39 miles of electric range with an entry price of just $30,000, it will even go from 0 to 60 in five point eight seconds, which is faster than the announced specifications of the standard autonomy model, so the next few years will be quite exciting for the automotive industry and for the first time consumers will have real electric vehicles to choose from, as It takes a long time to develop a new car, most products on the road today began to be developed before automakers realized the threat of cars like the Model 3.

In the coming years, this will change as that new real Vs from the competition come to the market. Whether or not this affects Tesla's dominance in the Evie space is something we'll have to wait to see what you think the competition will be able to achieve. to Tesla, well, Tesla defends itself against the competition without problems, as always, thanks for watching. Oh by the way guys, if you are looking for a new broker, weeble has given away two free stocks, all you have to do is use the link in the description to sign up and deposit any of those stocks could be worth up to $1,400