Interesting thought on electric cars

[tomwalsh]

As electric cars are pioneered by companies like Tesla will we see rapid development and aggressive competition on improving features?

For years the motor industry has been stagnant with very little in the way of features or price reductions company. Tesla has now changed that.
Through industry automation to reduce price, economies of scales to produce cheaper batteries they are cutting price as fast as they can.
They are also rapidly introducing features such as automation, and others at an impressive rate through software.

It will be interesting to see how the traditional manufacturers will react to such a change in their industry, as they've grown use to stagnation for so long.

[andrei214]

As electric cars are pioneered by companies like Tesla will we see rapid development and aggressive competition on improving features?

For years the motor industry has been stagnant with very little in the way of features or price reductions company. Tesla has now changed that.
Through industry automation to reduce price, economies of scales to produce cheaper batteries they are cutting price as fast as they can.
They are also rapidly introducing features such as automation, and others at an impressive rate through software.

It will be interesting to see how the traditional manufacturers will react to such a change in their industry, as they've grown use to stagnation for so long.

Yeah maybe electric cars are much better than cars that are gasoline powered.But the thing is,the gasoline powered car will not that easily to disappear due  to,there were still many people who think that this gasoline cars more affordable and efficient.

[FrueGreads]

Yeah maybe electric cars are much better than cars that are gasoline powered.But the thing is,the gasoline powered car will not that easily to disappear due  to,there were still many people who think that this gasoline cars more affordable and efficient.

I don't think most people think that. I do think there is a lot of pressure from the mega billionaire oil companies to keep people thinking that. Electric car companies are still to small compared to oil companies, so car manufacturer companies are probably pressured not to invest in research in order to develop the electric car technology. They are doing it, but they are progressing very slowly and there is no reason for that. If they invested more money on this kind of research, I'm sure electric cars would be way more cheaper and advanced, than they are now. The same thing goes for governments, as they should have a lot more electric stations available for it's citizens to recharge their cars, and incentives for them to do so.
There is way to much money in oil, so these changes will take time.

[Guzztsar]

"For years the motor industry has been stagnant with very little in the way of features or price reductions
company"

It's make no sense when we stop to think about how fast all types of technologies has evolved in the last decades, even so, we continue to spend a out of proportion ammount of energy just to move a person to point A to point B using tons of metal and burning fossil fuel. Advances in this area are being supressed in order to keep this waste system.

[I.Grozni]

As electric cars are pioneered by companies like Tesla will we see rapid development and aggressive competition on improving features?

For years the motor industry has been stagnant with very little in the way of features or price reductions company. Tesla has now changed that.
Through industry automation to reduce price, economies of scales to produce cheaper batteries they are cutting price as fast as they can.
They are also rapidly introducing features such as automation, and others at an impressive rate through software.

It will be interesting to see how the traditional manufacturers will react to such a change in their industry, as they've grown use to stagnation for so long.

Not just Tesla. Some companies have gone much further ... http://www.rimac-automobili.com/en/ Imagine the possibilities that are offered ... Today every Touareg in the Sahara can own filling stations for electric cars. When mass production starts all over the world and prices of electric cars fall, nothing will be able to prevent a new revolution in transportation.

[flippener]

This video says it all:

https://www.youtube.com/watch?v=fWrUl3uemb4

[evanescence]

As electric cars are pioneered by companies like Tesla will we see rapid development and aggressive competition on improving features?

For years the motor industry has been stagnant with very little in the way of features or price reductions company. Tesla has now changed that.
Through industry automation to reduce price, economies of scales to produce cheaper batteries they are cutting price as fast as they can.
They are also rapidly introducing features such as automation, and others at an impressive rate through software.

It will be interesting to see how the traditional manufacturers will react to such a change in their industry, as they've grown use to stagnation for so long.

I expect this market to become like the smartphone market - mostly irrelevant features and marketing over substance.
But it's going to look cool at least

[Hydrogen]

If you're comparing electric cars to bitcoin, I think bitcoin and crypto currencies have much greater growth potential than electric cars. There is more demand for a store of value which offers deficit protection from the possibility of the dollar or euro defaulting, than there is for electric cars.

The main breakthrough which made electric cars viable was the invention of the lithium ion battery which Elon Musk admits doubles the range of EV's (electric vehicles) over previous generations of batteries. Before lithium ion, oil companies owned the patent to certain battery technologies and repressed them being utilized in electric vehicles.

There isn't much potential for engineering innovation in electric cars, in my opinion. The main breakthroughs will come from batteries with higher energy density (in my opinion) as we've seen with lithium ion.

[darkangel11]

Electric cars are the way to go we just need to make them cheaper. Tesla is charging premium for their cars. They aren't made for the average user but for that rich eco friendly suburban. A normal person will always look at the running cost over a time period + the initial cost of the car. If I can buy a decent new car for $20k, and the fuel + oil will cost me $2000 a year, after 5 years my car will still be in great condition and having costed me $30k. The cheapest new Tesla costs over $40k. I might consider buying an electric car when their prices reach the level of our old smokers