Having Options Is in Auto Consumers' Best Interests

Battery prices need to come down even further, but electric vehicle (EV) growth is encouraging. I still see some geographical risks associated to weather that could impact EV range performance, but new technologies are starting to lessen those fears. Tesla (NASDAQ: TSLA  ) has done an amazing job in the past year of exceeding forecasts and creating market awareness. However, more than ever management needs focus and execution to justify the stock's valuation amid increased competition. 

The Toyota (NYSE: TM  ) Prius recently saw a price reduction, and that may very well spill over to General Motors' (NYSE: GM  ) hybrid Chevy Volt. At the end of the day, I'm more encouraged by hybrids over the pure EV but do believe a mix of autos is really in consumers' best interests. 

 

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  • Report this Comment On October 27, 2013, at 10:58 PM, CrazyDocAl wrote:

    EV vehicles aren't even close to 1% of all vehicle sales. Toyota dropped the price of the Prius not because it's selling well or that it's cheaper to make, it was done to help spur sales. Tesla is struggling to sell 20k cars this year. GM will sell almost that many Vettes next year.

    If you remove hybrids (including plug ins) like the Pruis EV sales are in the toilet. People understand batteries. They have experienced dead batteries in everything from cell phones to cordless drills. They understand that a dead battery in an EV means you are going nowhere any time soon. If you are at home you can charge it and wait, if you are at work you are calling a flat bed to tow it home.

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