EV Market is over its Tipping Point
This week Tesla delivered the first 30 Model 3 to some of its employees. Production will ramp up in the next months and it is expected to reach 5,000 units per week.
Will Model 3 disrupts the Automotive Market just like Model T did 110 years ago?
Madison, CT - On October 1, 1908, Ford completed the first Model T Ford in Detroit. Between 1908 and 1927, Ford would build some 15 million Model T cars. It was the longest production run of any automobile model in history until Volkswagen launched the Beetle it in 1972.
This week Tesla delivered the first 30 Model 3 to some of its employees. Production will ramp up in the next months and it is expected to reach 5,000 units per week. With over 400,000 bookings Model 3 is already the star of the EV world. We do not know if it will reach the sales of Model T but the start is very promising.
The DieselGateis influencing consumers around to world and moving the focus toward low emissions or no emission vehicles. Sales of diesel cars in Europe have dropped 19% this year. Great Britain has banned the use of vehicle with combustion engines after 2040.
Volvo announced that it will convert its fleet to electric from 2019
We think the EV market has reached and gone over its tipping point and we expect a major acceleration during the year 2018 and 2019 once Tesla will be on itsway to deliver its bookings of the Model 3 and all other car manufacturers will launch their EV lines.
Another revolution is under way in the charging infrastructure. With the larger battery packs we now have EVs with ranges from 238 of the Bolt to 310 of the Model 3. With the current Level 2 EV charging stations we can expect 8-10 hours for a full charge. Even with a fast charger of the current production it will take 60-90 minutes for a full charge.
EV charging manufacturers have been working on solutions that combine much more powerful chargers and energy storage. They are moving from the 50KW of power to 350-400KW. Furthermore, they are working at energy storage solutions to reduce the major impact on the electric grid with these high levels of power.
EV charging companies are working toward solutions that will allow the recharging of an electric vehicle with times comparable to the refueling of a gas car.
The major drivers behind the EV world are converting the transportation industry to zero emission with products that attract the mass market with design and performance comparable or in some cases better than the classic combustion engines.
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Aug 12, 2017