The Audi A2 of 1999 and BMW i3 of 2014 are two cars that on paper appear to be fundamentally different. For a start they are built by competing firms, but even more basic than that is their method of propulsion: internal combustion for the A2 versus battery electric for the i3.
The year 2020 could become a major turning point for electric vehicles in this country.
Aston Martin, Audi, Ford, GM, Porsche, Mercedes-Benz, Tesla, Volkswagen, and Volvo are some of the major automakers with plans to introduce at least one all-electric vehicle by the end of the decade. Newcomers Faraday Future, Apple, and maybe even Dyson (yes, the vacuum company) are rumored to be working on electric vehicles as well.
We’re on the cusp of an electric revolution in the auto world, but the cars won’t replace gasoline-fueled cars until people stop caring about electric range. That’s getting easier to comprehend, as Tesla and GM will both produce affordable EVs with a 200-mile range.
Looks like we can include Hyundai on that list now, too.
If you don’t know anything else about the company, you might think it could be a local utility that provides electricity to Detroit homes. It could also be an electrical repair company that serves residential and commercial needs in the Detroit area…or it could even be a Detroit startup electric automaker.
With a name like that we certainly assume we know at least one thing about the company: That it does its bidding in the great city of Detroit.
Except in this case, it doesn’t. Believe it or not, electric carmaker Detroit Electric doesn’t even do business in the United States of America.
As time passes, I’m finding fewer reasons to buy an electric car.
While EVs are slowly gaining popularity, a nationwide charging infrastructure is barely in its infancy. That’s strike one against electrics. Even so, electric cars are proving themselves as commuters while saving owners a bundle on gas costs. Things should be looking up for this new chapter in automotive history.
There’s a problem, though. For the first owners of a new electric car, the finances just don’t add up. And it’s getting worse.
Tesla hasn’t done much that’s conventional in the car business. Just being successful as an independent U.S. automaker is unconventional enough, but the feisty maker of sexy electric cars has shunned the traditional dealer network and, now, debuted a whole new way to finance a Model S.
Well, mostly new. It’s essentially a lease. And a purchase, but with all kinds of asterisks and “true cost of ownership” numbers involved. But is the new financing program truly revolutionary, as Tesla CEO Elon Musk has suggested?
Well, yeah, the idea actually is. Don’t expect to drive a new Tesla for dirt cheap (not even close), but Tesla’s new financing plan should pique the interest of more than a few potential buyers.