We'll have to see how the Chevy Bolt does. That's the first mass-market electric car.
Electric car tax credits in the US are halved after a manufacturer sells 200,000 electric cars. Chevy is likely to hit that in a year or so. So is Tesla.
Electric car tax credits in the US are halved after a manufacturer sells 200,000 electric cars. Chevy is likely to hit that in a year or so. So is Tesla.
This is why Tesla longs are so bullish on the stock... even if the other car companies instantly switched all their models to electric, there wouldn't be enough battery supply to meet that demand for years. Tesla, on the other hand, should be sitting pretty with their Gigafactory 1.
Tesla is still learning how to scale.
[1] http://www.autonews.com/article/20151214/OEM06/312149992/lg-...
Tesla is planning 150GWh eventually, but starting at least in the 10's of GWh's to start. Lets say 30. At 30 GWh that is potentially 500,000 Model 3s.
Obviously, this is all speculative on both sides. Let me know if my calculations are off or I missed something.
[1] http://www.autonews.com/article/20151214/OEM06/312149992/lg-...
China is building about 100,000 electric buses a year. That's where the batteries are going right now.