Tesla's faces more challenges as two major European automakers open sales Thursday of their first entries into the long-range EV market.
It's been a tough month for Tesla, and the challenges the Silicon Valley electric-car maker faces will only accelerate now that two major European automakers are launching sales of their first entries into the long-range EV market.
The first wave of electric vehicles, such as the Nissan Leaf and Ford Focus Electric, could deliver only around 100 miles per charge. Tesla proved an immediate breakout with its Model S sedan yielding more than double that – and its latest version of that sedan is EPA-rated at 370 miles between charges.
The crossover, which will anchor a new sub-brand dubbed Volkswagen ID, will be just the first in a broad array of about 50 long-range electric vehicles the Wolfsburg-based carmaker plans to bring to the market by mid-decade through its various brands. It has already launched sales of the new Audi e-tron crossover and is preparing to deliver the first Porsche Taycan battery sports cars.
It has announced plans to spend 9 billion euros, about $10 billion at current exchange rates, on battery-cars by 2023. And during his Frankfurt speech, Diess upped his estimate of VW's global EV sales projections from 15 million vehicles to 22 million over the next decade. The EQC Edition 1886 is promised to deliver 292 miles per charge and, with an output of 402 horsepower and 564 pound-feet of torque, it will launch from 0 to 60 in less than five seconds. Those numbers suggest it will pose a direct challenge to both Tesla's older Model X and upcoming Model Y.
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