Electric Vehicles

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Tesla has once again confirmed that it plans to introduce more affordable electric vehicle (EV) models in the first half of 2025. This confirmation was made during the company’s Q3 2024 earnings report.

For years, one of the primary criticisms of Tesla has been the relatively high cost of its vehicles compared to traditional gasoline-powered cars. Their vehicle prices, which in the US now start at US$42,490 before incentives, though competitive within the EV market, have left many prospective buyers waiting for the long-promised lower cost Tesla models.

Now, Tesla has reiterated its plans to address this by launching new, more affordable vehicles in early 2025.

“Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025. These vehicles will utilize aspects of the next generation platform as well as aspects of our current platforms and will be able to be produced on the same manufacturing lines as our current vehicle line-up,” Tesla wrote in its report.

Stellantis is struggling, and blaming governments for not supporting electric vehicles. Workers say the problem is the CEOs, instead.

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Article from 2003, relevant due to recent reporting on Japan's investment in a hydrogen economy over electric vehicles.