Price of Gasoline ( Solar Thermal Magazine)
Not too long ago Tesla was pretty much out there by themselves with a vision of a commercial electric car which they started with the Tesla Roadster. Soon to follow Tesla designed and released the Model S and we saw electric cars from companies like Fisker,Mitsubishi,Nissan and the GM Chevy Volts which was and is an inline electric hybrid.
All these cars (and there are more that we listed) were developed in an environment of increasing gas prices and expectations of increasing gas prices. In the last several months we have seen the economic conditions have caused a reversal in this trend and the price of gas has continued to fall. The question is for how long?
General Motors it seems is betting the days of $2 gas won’t last long. At this year’s Detroit Auto Show, Chevrolet unveiled the eco-friendly Bolt which is an electric small car. The Bolt which readers should remember is a concept vehicle and is projected to cost about $30K (after rebates). The car will get 200 miles on a single charge which is twice as long as the Nissan Leaf.
So suddenly we have a wide selection of electric cars coming to market and the lowest price of gasoline in the U.S. in years. Also Tesla now has some serious competition. This should be interesting to see what happens with these conditions in the coming months and I beleive years. The Chevy Bolt is expected to be available for 2017.
Elon Musk was quoted recently as saying that the all new Tesla 3 will cost less than the Chevy Bolt.
The adventure continues.
Bloomberg recently did a Youtube video from the January Detroit Auto Show. Enjoy.
Gordon's expertise in the area of industrial energy efficiency and alternative energy. He is an experienced electrical engineer with a Masters degree in Alternative Energy technology. He is the co-founder of several renewable energy media sites including Solar Thermal Magazine.