Big carmakers are placing vast bets on electric vehicles

  • 📰 TheEconomist
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 92%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Electric vehicles may soon be able to compete on price with petrol vehicles, thanks to a combination of better technology and greater scale

. But a combination of better technology and greater scale may soon allows to compete on price with petrol vehicles, and enable motorists to drive long distances without the fear of running out of juice.

They had better, carmakers are hoping. Worries about climate change and air pollution are prompting authorities around the world to consider phasing out new petrol and diesel engines in the coming decade. In the absence of federal regulations under America’s climate-sceptical president, Donald Trump, some progressive cities and states there are tightening local rules.

Western premium brands appear best positioned to take an early lead. While batteries remain pricey, fancy marques can offset the cost with the higher prices that their vehicles command. Jaguar and Audi have already broken Tesla’s monopoly at the lucrative top end of the market.

As Mike Manley, boss of Fiat Chrysler, observers, it is no longer a question of whether carmakers can supply a fleet of-owners have enjoyed, charging infrastructure fails to materialise or electric cars’ pitiful resale value does not increase, motorists may be reluctant to switch to battery power. Poor sales, combined with the large upfront investments, would hit carmakers’ margins, which for mass-market brands are already about as exciting as a Soviet-era Trabant in mud brown.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Gosh this looks like any article from 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018.... Still waiting for the 'big automakers' to make something compelling and not just compliance cars.

It’s time to go electric - governments should give them the security they need by setting firm dates for all electric only zones and all new production cars. Uk 🇬🇧 is a leader - we should lead here ( starting with central london )

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Financial stocks getting a big boost after J.P. Morgan Chase, Wells Fargo earnings beatsFinancial stocks are on track for a broad rally Friday, as better-than-expected first-quarter earnings reports from sector heavyweights J.P. Morgan Chase...
Source: MarketWatch - 🏆 3. / 97 Read more »

Challenges Stack Up For Big Banks Ahead Of JP Morgan, Wells Fargo, CitigroupLower trading volume. Falling mortgage rates. An inverted Treasury yield curve. A slowing U.S. and global economy. The odds seem pretty stacked against big banks on multiple fronts as earnings season starts tomorrow.
Source: Forbes - 🏆 394. / 53 Read more »

Warren targets big business with $1 trillion taxThe presidential candidate's plan would hit companies like Amazon that rake in big profits but enjoy low tax bills. somebody gotta pay for that tax cut Punishing successful companies and their shareholders/employees What a nut job.
Source: NBCNews - 🏆 10. / 86 Read more »

Amazon's Jeff Bezos highlights the importance of 'wandering' and failing big in his annual shareholder letterIn his annual letter to shareholders, Amazon CEO Jeff Bezos talks risks, failures, and global impact at one of the world's biggest companies.
Source: BusinessInsider - 🏆 729. / 51 Read more »