Tesla announced to have new updates regarding their electric cars. Investors were asked to prepare for the upcoming autonomous car. The Wall Street Journal made this announcement, now appearing as if they embrace the launch of these revolutionary vehicles. Some may argue that this change may be due to the effect of Tesla. After trying to impress the car industry and had, unfortunately, a false start, these vehicles’ success depends on relative cost.
Keeping that idea in mind, we can account for the fact that Silicon Valley disrupting Tesla proved that consumers’ request for luxurious autonomous cars began to increase. What is more, a significant factor here is represented by lithium-ion batteries. Apparently, the prices of batteries are rapidly dropping, indicating that new updates are coming.
Statistics show that gasoline cars were outsold by cars powered by batteries. Specialists predict that this may happen again in approximately ten years from now. Meanwhile, investors need to be prepared for this change so that they would remain on the better side of the story. The most crucial factor is the declining cost of batteries.
Massive investments were steered away by the development of mobile computing which reached to control it by improving the characteristics of electric cars while the cost was reduced. Daimler, a Mercedes automaker, believes that the costs of battery and engine development might attain a certain equilibrium until 2025.
Considering worldwide trends, electric cars are very likely to launch soon. The limited environmental standards fuel the compliance of internal combustion engines to become more expensive, especially in Europe. Electric vehicles granted in China developed an inherent demand. China is known to be the largest auto market in the world.
The decreased prices of gas, mainly in the US, are no longer based on electrification of the kryptonite. It was predicted that the car industry would witness a wave of launches to defeat Tesla’s Model 3 and the Chevy Bolt. The stouthearted industry of ‘Big Auto’ is bound to adapt as quickly as possible. Nevertheless, keeping profits high will represent an obstacle for traditional car makers during the flourishing era of autonomous vehicles.
A lot of experience regarding the technology of an engine has almost always preserved stable market spots. It is cheaper and simpler for automakers to develop electric motors.
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