Posted on 01/25/2016 1:44:40 PM PST by MinorityRepublican
Plunging oil prices are set to hit the electric car industry hard, but Tesla vehicles won't be the worst affected, says CEO Elon Musk.
"[The] industry as a whole, I think, will definitely suffer from lower oil prices," Musk told CNN's Kristie Lu Stout on Monday. "It just makes economic sense."
(Excerpt) Read more at money.cnn.com ...
Why should a $100,000 car that gets 50 miles between charges suffer from low gas prices?
Translation: Barry, I need more tax dollars if you want keep up the green energy thing.
No better way to admit that electric cars are not competitive in the free market, even after a whole century of on/off development.
However, it is still true that Otto-cycle cars would not have risen to prominence without the electric starter motor.
Haven’t seen a new Tesla in the medical center’s parking lot in 6 months and for a while we were seeing a new one every couple of months. Lot’s of new SUV’s and trucks .
Ping.
Sounds like he may have some understanding of economics /sarc
Kinda wish he’d focus on space. He’s all over the place. They’re all good ideas, I like the Hyperloop even. But SpaceX should be his focus, just IMO
Forgot your sarc tag, or do you really need a real answer?
As long as the free government money train keeps giving old Elon free money, what does he care?
Didn’t think I needed a /sarc tag.
Translation: Electric cars are not competitive so I (musk) want government to pick winners and losers and hand me more taxpayer money to prop up a tech that is not competitive.
What vehicle are you referring to?
fire too.
You’re not keeping up.
The LEAF is a $35,000 car that gets 80+ miles per charge, which is fine for a large range of customers.
The Bolt (coming soon) is a $30,000 car that gets 200+ miles per charge, which is good enough for most customers.
And that $100,000 car has been stretched (with very careful driving) over 400 miles on one charge. And will accelerate faster than most race cars, 0-60 in about 2 seconds.
I think you do. See more huh? replies below.
lol
They are competitive once the chicken-and-egg of recharging stations is solved. Taking the up-front premium into consideration, EVs cost the equivalent of $0.50-$1.50/gallon gas to drive. That’s significant when gas is over $4/gal; the current $1.50+/gal price is admittedly encroaching, and part of the gas price war might be to ward off EVs for a while.
So less demand for EV = Time to buy a Leaf,Prius or Ford.
Would work for me driving less than 1,000 miles a year in
“retirement.”
“Haven’t seen a new Tesla in the medical center’s parking lot in 6 months”
perhaps at first their novelty factor was considered “cool”, but now perhaps these things are being looked at as white elephants that aren’t so cool after all.
It’s not just the relative absence of charging stations; it’s the time taken to recharge, the range of the vehicles (variable, with weather being one factor) and the possibility of unpredictable discharge leaving occupants stranded.
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