Bill Gates Once Pinned Price As Hurdle To Mass EV Adoption: Now, Tesla, Lucid And Rivian Are Gearing Up To Launch Cheaper EV Models

Quick Summary:

EV Giant Paves The Way: During Tesla's third-quarter earnings in October, the company said that it is preparing to launch new vehicles, including more affordable models, starting in the first half of 2025.

Many, including Tesla Inc.(NASDAQ:TSLA) CEO Elon Musk and Microsoft Corp.co-founder Bill Gates, have previously flagged the high price point of electric vehicles, as compared to gas counterparts, as hindering mass adoption of EVs.

"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,” the company then said.“This approach will result ...

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United States

Topics: US3453708600 RIVN TSLA Electric vehicles Benzinga EVs Mobility LCID F Bill Gates Tech US88160R1014 News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-13 @ 12:23:18 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 409 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 24398594

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