Thursday, September 06, 2018

Chart of the Week: The New Horseless Carriage


Could the electric car be the new horseless carriage?  Just as the horse and mule were replaced at the turn of the last century, the trajectory of electric cars seems to be on course to replace combustion vehicles in the next 10-25 years.  Not a moment to soon, given the already disastrous effects of climate change.  Actually, electric cars are not new they exceed the number of gasoline driven vehicles in the early days of motor cars.  The problem then was heavy, dangerous and inefficient batteries.  Those barriers are falling to technological development. 

After four years of development, Mercedes has announced the release for sale of its all electric SUV, the EQC similar in size and shape to the combustion driven GLC.  When it goes on sale in the US in 2020, it is expected to range 223 miles.  Ford is also forging ahead with its electric car development.  Gearheads will be elated to know that its 300 mile electric SUV is inspired by the venerable Mustang.  Ford is also expected offer electric version of its other popular models like the F-150 pickup.  Sedans, however, are apparently headed for the scrap heap.  Tesla sold an epic 17,800 units of its Model 3 in August.  August 2018 will mark the 35th month of consecutive year-over-year monthly sales gains for plug-in vehicles.  Electric vehicle lift-off is here.