Even with oil at less than $50/barrel, sales of electric vehicles (EVs) continue to grow for several reasons. Many buyers are drawn by a combination of environmental concern and economics, as well as the “coolness,” associated with them. Other factors, like some Federal and State mandates, are also playing a role and helping encourage EV sales. Some carmakers display greater enthusiasm of EVs than others. Let’s look at the manufacturers that are serious about EVs.
Serious about EVs
Five manufacturers stand out as seriously committed to EVs: Ford, Nissan, BMW, GM/Chevy, and, of course, Tesla. All have brought to market, or have on the way, one or more battery EVs that meet the needs of a significant proportion of the car-buying public.
Ford’s success is evident with their sole EV – the Focus Electric, a modified version of the standard production vehicle. Several hybrids are offered, and with a $4.5 billion investment earlier this year, Ford hopes to jump to the front of the pack in developing electric cars.
Nissan has been selling the Leaf since 2010. While quirky-looking and somewhat range-limited, it has consistently been the best-selling EV since its introduction.
BMW introduced the electric i3 in 2013. Priced slightly above the Leaf, the i3 utilizes a lightweight construction and demonstrates significant R&D investment.
Mention of GM/Chevy brings to mind the Volt. Opinions vary on whether this is actually an EV (it carries an on-board generator for extended range). Looking forward, the real news is the Chevy Bolt. With an EPA range of 238 miles and a price in the $40k region, this shows GM is serious about electric propulsion.
And then there’s Tesla. As the only pure EV producer, it goes without saying that Tesla is 100% committed. Sales of the Model S have done well, and recently the Model X joined the line-up. What people are waiting for though is the Model 3. Promised as an affordable EV with practical range, Tesla is clearly going “all-in” against the competition.
There are plenty of quality EV options currently on the market, and with sales driving upward, it is very likely there are more options to come. If you are interested in purchasing an EV, do your research and you’ll be sure to find the right one for you.
For more information on electric vehicles, visit www.evolvewithliberty.com.