There seems to be a lot of back and forth lately about the performance (or lack thereof) of the electric vehicle (EV) industry.
Reuters released a scathing article earlier this month on the lack of development of electric vehicles, citing inefficiencies in technology, bloated prices, and a lack of fueling stations as reasons the industry is “still not ready for prime time – and may never be.”
But the concept of all EVs being boring, unattractive, underperforming hunks of space-age junk is outdated, and quite frankly, it’s tiresome. If you look at the market trends with a different scope, realizing the industry is still in its infancy, EVs’ show great signs of vitality. In fact, some vehicles have earned very strong praise from critics and consumers alike.
The best example is the Tesla Model S – a sleek, all-electric vehicle that was named Car of the Year for 2012 by Automobile Magazine and again by Motor Trend Magazine, earning 2013 Motor Trend Car of the Year honors. Critics are impressed with nearly every element of the vehicle, including its engineering prowess, (and the 250 engineering patents Tesla has for it) its drive range, (which varies from 140 miles to 265 miles, depending on the model) and its appearance. Essentially, it looks like a sporty-luxury mix with the fuel efficiency of a Prius, (even more efficient, really) so what’s not to like? It also had modest success in the showroom, selling 1,500 units in December alone – despite its $60,000 MSRP. Tesla also recently announced they increased their...
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