How Tesla Plans To Lead The Future Electric Cars Market

How Tesla Plans To Lead The Future Electric Cars Market

Future Electric Cars will take over our personal transportation. Let's see how Tesla will prove as the worlds biggest leader in electric cars production.

Why the world would end without financial reports
Apple Interested In Entering the Space of Constant Glucose Monitoring Devices

The time is very near when Future Electric cars will take over our streets and will be replaced by regular cars. Their advantages over internal combustion vehicles are obvious: they pollute far less, are cheaper to maintain, and with rapid development of autonomous driving systems, will be far easier to drive in the future cities. It is believed that by 2035 one third of all new cars sold in the world will be electric.

The Dutch government is considering the possibility of letting Future Electric cars rule their streets by 2025. Norway has already made huge steps in EV usage, with over 1 in 100 passenger cars being electric. It has the highest usage of electric cars per capital in the world, with over 135,000 (29.1%) of new cars sold being electric in 2016. Not far behind are Netherlands with more than 113,000 new electric cars registered, and France with over 108,000 cars by the end of 2016. China the highest number of new electric cars sold in 2016, with a total of 645,708 units, tightly followed by Europe with 637,552 units, and the United States with 570,187 units.

electric vehicle chart

Graph by Mario Roberto Duran Ortiz

One of the biggest obstacles for customers is the relative short driving distance an electric car can travel with one charge, and the relative long time needed for charging. Future Electric Cars will need to overcome these issues, with big advances already being made in the industry. Further development of batteries will be the cornerstone of the industry, with China probably becoming the world leader in battery production for electric cars. Tesla’s gigafactory in Nevada will also cut the price of production per battery by “using economies of scale, innovative manufacturing, reduction of waste, and the simple optimization of locating most manufacturing process under one roof.”

tesla gigafactory

The 5.5 million square feet Tesla Gigafactory

Elon Musk already stated that Future Electric Cars from Tesla are planned to hit 1000km with a single charge by 2017. “The record right now for the Model S is 800 kilometers (497 miles), that is the furthest that anyone has driven a Model S… we are pretty close,” Musk told the Danish news site Borsen in September 2016. “My guess is probably we could break a 1,000 kilometers (621 miles) within a year or two. I’d say 2017 for sure.” The battery production at Tesla’s new factory will enable the company in producing the first electric car for mass market, the Model 3. Tesla plans to begin with the production of Model 3 in late 2017, with first deliveries beginning in 2018.

Future Electric Cars - Tesla Model 3

Tesla Model 3, first mass market car

The new Gigafactory is absolute necessary for the company’s future, and increase in low-cost battery production is a must as the company plans on delivering 500,000 new cars to its customers by 2018. Considering that Tesla sold a little over 50,000 cars in 2015, and 76,000 cars in 2016, this is an ambitious plan. “Increasing production five fold over the next two years will be challenging and will likely require some additional capital, but this is our goal and we will be working hard to achieve it,” the company said in its letter to investors.

Tesla also plans on making two more models by 2020, the revealed Model 3 and a possible Model Y, which could become a cross-over version of the Model 3 according to rumors.

COMMENTS

DISQUS: 0