For the past few years Tesla has had one important selling point over the other automakers on the market. They have offered their supercharging services to customers as part of the cost of ownership of their vehicles, which means free supercharging wherever they go. Tesla has built the first long rang all-electric lineup of vehicles on the market to give us an impressive way to drive and remain environmentally friendly. The announcement of changes to the free program came about last year and anyone who buys or orders their Tesla vehicle now or in the future will have to pay for the supercharging services being offered.
Tesla has famously thumbed their collective noses at the marketplace and have not only sold their vehicles in a way that’s different from what we’re used to but also added tech updates over the air on a regular basis. Autopilot is a semi-autonomous driving system that’s been so close to a fully autonomous system that many owners of Tesla models have recorded themselves doing anything but driving. This doesn’t give a warm and fuzzy feeling to other drivers on the road, but the system is impressive and is the closest thing we have right now to a fully autonomous system.
Recent news has surfaced that Tesla Motors will acquire SolarCity which is a solar energy service company. This acquisition has some up at arms wondering not only why Elon Musk, CEO of Tesla Motors and chairman of SolarCity, is allowed to perform this acquisition, but what financial sense it can make. In order to discuss this properly we need to look at both sides of this particular coin and see which one comes to the top as the right way for this to be handled. Let’s take a look at what’s going on here.
Whatever the reason, GM has announced a much lower Lithium-Ion battery cost per kWh than just about anyone else. The average cost is said to be around $300/kWh while GM states they are experiencing cost of $145/kWh which is much lower to give a savings to their EV customers and make their hybrids even better. Adding to this, GM states they expects to see costs of $100/kWh or less by 2021. What does this mean for the EV market? This means many of these EV cars that seem to be priced too high compared to their gasoline counterparts should begin to experience lower prices to make the decision much more difficult on us as buyers. Read more