Electric cars face price hurdles in the US
New York International Auto Show
New York - Arab Today
At the recent New York International Auto Show, the price differential facing US consumers between electric and petrol cars became very obvious. GM was offering a Chevrolet Cruze next to a similarly sized electric Bolt EV. The difference between the prices of the two cars was about $20,000. This difference could affect sales of electric cars.
The cost differential is mainly due to lower volumes of production and high costs of developing batteries. Subsidies, therefore, proved to be the lifeline for electric vehicles in the US during the early stages of their development. The only company, which is reaching price parity of electric and fossil fuel cars, is Tesla in its new Models S sedan and X crossover. Nissan Leaf will launch an extended-range Leaf model later this year. The success of that model would depend on pricing.
The influx of electric cars from most major companies will start in 2018 and some would likely to compete aggressively on price in the first year in order to establish a market share. Once consumers are convinced that electric cars are viable, a critical mass could be reached within a few years and subsidies would no longer be needed.
Source: Arabnews
GMT 09:21 2016 Tuesday ,19 July
Fiat Chrysler faces probes on US car salesGMT 08:54 2016 Thursday ,19 May
Tesla raising cash to fund accelerated productionGMT 07:17 2016 Tuesday ,12 April
Tesla recalls 2700 Model X SUVs for seat problemGMT 07:57 2016 Thursday ,24 March
Lincoln unveils huge luxury Navigator SUVRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 18:26 2018 Friday ,14 December
Mashrou’ Leila headline Apple event in DubaiGMT 10:00 2012 Monday ,16 January
Iranian press festival for Muslim women opens
GMT 20:46 2018 Wednesday ,05 December
World Bank funds water projects in North Kordofan State
GMT 10:51 2017 Sunday ,20 August
Steve Bannon resigns as White House chief strategist
GMT 11:31 2017 Saturday ,11 November
MEDays Forum panel looks to spur economic growth
GMT 20:53 2018 Friday ,30 November
40 Houthi rebels killed in clashes with Yemeni gov't forces
GMT 06:49 2018 Tuesday ,23 October
"Tbilisi Fashion Week" Spring Summer 2019 ended
GMT 14:40 2018 Friday ,05 October
Hong Kong declines to renew visa of Financial Times journalist
GMT 12:24 2018 Friday ,28 September
Al Sissi urges restart of Mideast peace talks
GMT 10:44 2018 Wednesday ,26 September
Venezuelan president Maduro says ready to meet Trump
GMT 11:20 2018 Saturday ,20 January
China sees births fall despite push
GMT 19:48 2017 Monday ,02 October
Egypt's Wali in Amman for Arab meeting
GMT 14:15 2017 Wednesday ,20 December
47 ships transit Suez Canal
GMT 09:50 2017 Thursday ,14 December
Heads for Moscow for Egypt-Russia flight resumption
GMT 14:43 2017 Tuesday ,12 December
Celtics turn tables on Pistons, Oladipo shines
GMT 11:52 2017 Wednesday ,15 November
Boeing announces $27bn order from flydubai
GMT 04:26 2017 Thursday ,02 March
Balqees, Assaf to take stage at Dubai Lynx
GMT 21:10 2017 Thursday ,04 May
Hegazy inspects educational process at NCOs institute
GMT 14:23 2018 Monday ,10 December
Settlement plan to link center of Israel with the Palestinian Jordan Valley
GMT 17:59 2018 Friday ,16 November
Funeral Prayer for Khashoggi Performed at Prophet Mosque
GMT 14:51 2018 Thursday ,15 November
Volkswagen expects challenging Chinese car market in 2019
GMT 12:29 2018 Thursday ,15 November
Dubai Tourism to inaugurate ‘HITEC Dubai 2018’
GMT 16:06 2018 Tuesday ,06 November
Drug-resistant bugs claim 33,000 lives a year in Europe
GMT 12:59 2018 Thursday ,25 October
Kremlin amused at report about Russian intelligence agencies tapping Trump’s phone
GMT 08:42 2018 Tuesday ,16 October
North Korea slams US for ‘evil’ sanctions push
GMT 07:54 2018 Sunday ,14 October
Egypt keen on cooperating with UN to achieve 2030 Sustainable Development
GMT 13:34 2017 Saturday ,22 July
Sisi raises Armed Forces flag on the Military Base
GMT 09:32 2017 Sunday ,13 August
Huge explosion hits Daesh site in Iraq
GMT 01:32 2017 Saturday ,15 April
Russia's Putin earns about 157,000 USD in 2016
GMT 10:35 2017 Saturday ,16 September
Clashes renewed between Houthi militias and Saleh’s forcesGMT 04:07 2011 Tuesday ,26 July
Norway gunman claims active network at court hearing
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor