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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ million of them—roughly 30% more units than conventional electric vehicle makers did.

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Tesla reports net profit, positive cash flow and better margins for Q3 2018 on Model 3 successes

Green Car Congress

For the third quarter of 2018, Tesla reported GAAP net income of $312 million; free cash flow of $881 million, supported by operating cash flow of $1.4 Q3 2018 was a truly historic quarter for Tesla. Tesla is also trying to bring down the Model 3 pricing to the originally teased $35,000 mark.

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Tesla Model 3 Performance export fleet spotted in Shanghai Southport Terminal

Teslarati

It was then no surprise that Giga Shanghai, which produces the Model 3 Performance for both the domestic Chinese market and foreign territories , seems to have become very busy producing the vehicle. After all, apart from its specs, the new top-tier Model 3 is priced very reasonably.

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Tesla’s $25k car gets update on its final name, options, and potential release date

Teslarati

This is notably conservative as previous reports from China hint that work on an affordable Tesla is already underway. Earlier this year, local reports from Chinese media outlets hinted that a vehicle that’s more affordable than the Model 3 would likely start testing at the latter half of the year. .

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Is Elon Musk prepared for India? | Autocar Professional

Baua Electric

Back in 2018 as Tesla chief Elon Musk took over the direct oversight of his best-selling Model 3’s production, he summed up his emotions in a tweet that has proven to be almost prophetic today. We’re expecting to make more affordable models which will have aspects of our next-generation models and our current models.

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Smart Phone Giant OPPO To Enter The EV Sector

Get Electric Vehicle

Recent reports suggest that OPPO plans to debut electric vehicles in India by 2023 or 2024, with the initial model being an affordable electric scooter. Initially, OPPO is targeting a pricing range of roughly Rs. This could indicate that the company is the first among a slew of Chinese tech firms eyeing the Indian EV market.

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VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

Green Car Congress

Within a decade, he added, Volkswagen wants to offer significant numbers of pure electric cars at affordable prices and with the range expected by customers. The perspective of rising oil prices is a turboboost for a change in customer behavior, he said. The everyday, affordable and safe electric car for everyone is feasible.

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