Detroit can't seem to get electric vehicles right. The Chevy Volt by General Motors (NYSE: GM ) is only half electric and isn't inspirational for the high-end market that can go electric. The Nissan Leaf would leave even the shortest commuter with range anxiety. And the Ford (NYSE: F ) Focus Electric doesn't quite provide enough range or excitement to be a real competitor.
While Detroit leaves the high end of the EV market to Tesla Motors (NASDAQ: TSLA ) , instead focusing on cheaper models, there's one company building the capability to compete in the top end of the market. BMW's (NASDAQOTH: BAMXY ) i-series is the first step into the EV market, and it brings performance and new technology to the equation.
The i3 is BMW's longer-range, lower-cost model, while the i8 is a hybrid that can perform with the Model S in almost any performance category. There's no doubt Tesla has a head start on BMW, but this is an auto giant with a loyal following and if it keeps pouring money into developing EVs it will be the first major competitor to Tesla's dominance.
Below, Motley Fool contributor Travis Hoium discusses why Tesla should watch BMW and how this is just the beginning of competition in the EV market.
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For the first time since the early days of this country, we're in a position to dominate the global manufacturing landscape thanks to a single, revolutionary technology: 3D printing. Although this sounds like something out of a science fiction novel, the success of 3D printing is already a foregone conclusion to many manufacturers around the world. The trick now is to identify the companies -- and thereby the stocks -- that will prevail in the battle for market share. To see the three companies that are currently positioned to do so, simply download our invaluable free report on the topic by clicking here now.
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