The electric cars under the lights at the Geneva International Motor Show promise to be the leading edge of more affordable, longer-range vehicles that start to move battery cars out of their niche…
GENEVA — For years, there have been lots of electric cars proudly rolled out at auto shows but few on the streets or at dealers. That could be about to change.
Prices are falling for batteries, consumers are turning away from diesel engines after Volkswagen’s emissions scandal, and governments in Europe and China are enforcing tougher emissions rules. Tesla said last week it will close many of its stores and move to online sales only so it can cut costs and reach its goal of selling the Model 3 for $35,000. Before the announcement the lowest price was $42,900.“You need a decent offer of a premium electric car that makes it accessible,” he said.
He said the company can do that through efficient, large-scale production. The ID compact heads into production in November and should go on sale in spring 2020, with a base model available for under 30,000 euros . According to Mark C. Newman, managing director and senior analyst at research firm Bernstein, falling battery prices are bringing the day closer when electric cars become as cheap as gasoline and diesel models.
Things may change more slowly in the United States, where the administration of U.S. President Donald Trump is moving to ease higher mileage requirements from the Obama administration. Still, California is pushing for more battery-powered vehicles and hybrids, which use both batteries and internal combustion engines. It says 8 per cent of new car sales could be electrics, hybrids or other low emission vehicles by 2025.
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