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 19:07 2018 Friday ,14 December
Lebanese PM flags up Saudi investment potential, financial tiesGMT 23:31 2012 Friday ,03 August
Pakistani parents jailed for \'honour killing\' of daughter
GMT 17:19 2017 Tuesday ,18 July
Wali meets with Arab ambassadors in New York
GMT 12:44 2018 Tuesday ,18 September
MBC Studio launches to grow TV, film in region
GMT 20:00 2017 Monday ,24 April
Nasser10 preparations reviewed
GMT 07:37 2017 Tuesday ,14 November
Arab Coalition kills 18 Houthi militants in Yemen’s Jawf and Taiz
GMT 14:30 2014 Saturday ,16 August
Tens of thousands take to streets to protest Pakistani government
GMT 09:57 2017 Wednesday ,05 July
King congratulates presidents
GMT 06:50 2017 Friday ,30 June
RAF Rabat’s coach underlines difficulty
GMT 16:36 2017 Saturday ,22 April
Prestigious Muslim body condemns Paris attackGMT 18:37 2011 Monday ,04 July
Abu Dhabi hotel occupancy up 10%
GMT 15:14 2017 Thursday ,02 February
Justin Trudeau Forces FOX News to Delete Incorrect Quebec
GMT 20:07 2017 Thursday ,20 April
2 killed, injured in Arish blast
GMT 20:00 2017 Monday ,03 April
Pope ‘deeply pained’ by deaths and destruction in Colombia
GMT 21:17 2017 Wednesday ,03 May
Malian gov't condemns vicious attack on military convoy
GMT 22:54 2016 Tuesday ,06 December
Qatar Fencing Grand Prix to Begin on Friday
GMT 13:39 2016 Wednesday ,28 December
Pakistan Turns On Fourth Nuclear PlantGMT 13:55 2011 Saturday ,30 July
BCC praises HM King hamad’s keynote address
GMT 07:16 2017 Wednesday ,22 March
King Abdullah II to Start Official Visit to Morocco on Wednesday
GMT 07:54 2017 Monday ,10 April
Egypt’s Sisi declares three-month state of emergency
GMT 22:02 2013 Saturday ,21 December
3 US servicemen wounded in South Sudan aircraft shooting incident
GMT 06:40 2014 Friday ,29 August
Petit sets pitching record in Giants' win
GMT 00:08 2017 Saturday ,04 March
Indian High School in Dubai to be IELTS registration centre
GMT 19:46 2015 Thursday ,16 July
Brazil opens corruption probe against ex-president Lula
GMT 01:29 2014 Monday ,02 June
Terrific kitchen wall decor
GMT 14:20 2017 Saturday ,14 January
Thomas roars home again to shoot 36 hole scoring record
GMT 19:28 2017 Tuesday ,01 August
Breast cancer is the most prevalent in TunisiaGMT 10:18 2011 Wednesday ,08 June
Karachi index rises 0.85%, oil companies lead rally
GMT 03:10 2017 Tuesday ,21 March
Dafza launches new strategic plan 2017-2021
GMT 12:22 2016 Thursday ,29 December
Tevez signs for Shanghai Shenhua in the latest Chinese deal
GMT 18:13 2017 Monday ,07 August
5 Reasons you should consider for your getaway
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor