. Battery-electric vehicles are projected to record 44.9% CAGR and reach 23.5 million units by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the plugin hybrid EVs segment is readjusted to a revised 14.8% CAGR for the next 7-year period.projects that the global EV market demand was about 2,373.5 thousand units in 2019 and is expected to witness a CAGR of 41.5% 2020 to 2027.
It seems, then, that ARK’s anticipation of an EV surge by 2027 is underpinned by outside data. How might Tesla fare within such a scenario?During its third-quarter earnings call, CEO Elon Musk noted that Tesla is developing a vehicle that will sell at roughly half the price of the Model 3 and Model Y. While vehicles at price-points above $60,000 address ~5% of the total US car market, the addressable market expands to 50% at ~$30,000.
revealed the automaker’s plans for the next 5 years as he spoke at the conference. Viecha responded to a question about the all-electric carmaker’s plans to build a low price option with an unequivocal “eventually.” The possibility of a more affordable Tesla EV is a must-do because the company wants to be a high volume manufacturer. To become one, it needs a broad portfolio, which will require a less expensive offering. That need for an affordable Tesla is so pressing that, before its company-operated robotaxi service can be unveiled, it seemed as if a lower price model must be produced.
Musk’s response was: “Well, we don’t talk exact dates, but this is a — I mean, the primary focus of our New Vehicle Development team, obviously. At this point, we’ve done the engineering for Cybertruck and for Semi and, so, it’s obvious you can guess what we’re working on, which is this next-generation vehicle, which will be about half the cost of the 3/Y platform. It’ll be smaller, to be fair, but it will I think swiftly become — swiftly exceed the product of all of our other vehicles combined.
Source: News Formal (newsformal.com)
Not at Tesla prices they won’t.
If you count hybrids and phev's as ev's. With enough minerals stripped from the earth. Yes 90% by 2027 is achievable. Have to concentrate on hybrids and phevs.
No chance. Unfortunately there won’t be enough lithium mines up and running by then. Maybe 5 years later.
We'll need much better infrastructure on the personal vehicle front if that's going to happen. IMHO.
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