My feeling is that it isn’t just the declining gas price.
Lets take one household for an example to see the impact on oil demand in the USA. I’ve been driving an electric car since 2008, but lets look at the past two years of my household EV driving.
Do you ever wonder if Chinese workers in their factories look at the stuff they're making and think "Wow.. Americans really buy this crap?"
What is Ludacris about the whole thing is that Tesla’s CEO just mentioned in passing a technology that is helping Tesla lead the way in Electric Vehicle Range.
So what does this accomplish? It gives Tesla the first car company honors to offer the 300 mile range EV (its just 15 more miles than the 85Kwh pack) but who is worried about that?
Well along comes the Quant. This car is different. This car isn’t Hydrogen. This car isn’t a Hybrid. This car isn’t slow. This car isn’t a gas car.
Each year Newsweek compiles a list of the top 500 public companies by market capitalization in the world. The publication then lists the companies in order of their green credentials.
Even though you can drive from Boston to Florida or from New York to California in a Tesla Model S, some people are still not satisfied with EV technology.
The Chevy Bolt is a smaller car with presumably a smaller battery. Pumping that current is not a good idea; Tesla gets away with because of battery size. Sure the Bolt could be designed to throttle back the charge, but then you lose some advantage to the quick charge.
Second issue is battery chemistry. Not all lithium batteries are created equal and they. Tesla uses NCA. The Bolt, if the whispers are to be believed, is supposed to use NCM.
From what I've read NCM degrades faster than NCA.