Understanding the Tesla Effect and How 2017 Was the Year of Electric Vehicles

 

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2017 was electric.  It seems like all the players in the automotive industry made huge steps on a path to becoming green, with all-electric vehicles.

The internal combustion engine is being replaced with all-electric or hybrid alternatives. During the last year, a framework was clearly set for electric and low emission vehicles to become more common and found in driveways throughout Canada and the world.

There have been a couple key factors that have triggered this shift in automotive manufacturing. Innovators such as Tesla have made electric vehicles interesting, practical and really stylish; some in the media have given this phenomenon a name, the Tesla Effect.

Cutting-edge research is happening in Detroit, Japan, and Germany; but the real shift is happening in Silicon Valley. Many have argued that Tesla’s release of the Model 3 was the biggest game-changer. Elon Musk’s all-electric vehicle came with a price tag that many people can afford, with prices starting at $35,000 for a sedan. Price, coupled with an aggressive production plan will make the Tesla Model 3 an attractive option for many new vehicle shoppers in Kingston in the upcoming months and years.

The Tesla Effect caused many automotive manufacturers to rethink their business models (especially the Big 3). Despite some early hiccups, Tesla’s early success with the Model 3 has created a ripple effect throughout the industry. They’ve proved that car shoppers want an affordable electric vehicle and they are interested in incorporating a green vehicle into their lifestyle. The Chevy Bolt is another electric vehicle that made a splash this year, with a noticeable increase in sales throughout the year.

The environment and emission woes are a problem and more and more car buyers want to lessen their carbon footprint. Governments in Canada and around the globe are increasing emission standards on the vehicle’s people drive. France and the United Kingdom both plan to ban the sale of gas and diesel-powered vehicles by the year 2040 and it’s fair to assume that many other countries will follow suit in the upcoming years.

China (which happens to also be the largest automaker in the world) has publically expressed their plans to ban the traditional combustion engine in the near future. This stance has caused the country to see more electric vehicle sales and public money is being used to create one of the world’s best green driving infrastructures with a national network of charging stations.

This past year was an important one in the growth of the electric vehicle, but it’s really just the beginning. Electric vehicle usage will grow with advancements in battery technology; after all, many people are still worried about their vehicle dying and needing a charge half-way through their commute. 2017 caused many people to accept and realize that electric vehicles are a certainty of the future and drivers are now beginning to process how going electric would impact their lifestyle.

At CarOne, we’re excited to bring some of the most innovative vehicles on the market to Kingston, ON (including Tesla vehicles) and we look forward to continuing so at our used vehicle dealership in 2018 and beyond. It’s a great era to be a driver and with recent advancements in electric vehicle production, this future looks to be even better.