Electric cars have become an integral part of our daily lives these days. From Tesla to Honda hybrid cars, there are so many amazing models in the market from which people can choose the best one. This industry for these green vehicles is growing rapidly and the changes in it are also pretty rapid. It has become very important for people to know about the different advancements that have been noticed in this industry. This is the reason why we have created this article to give you the latest electric car news.
Electric Car News: Tesla’s Electric Vehicles Share Is Up By 6 Percent
The first quarter of 2019 has been incredibly amazing for Tesla. The company was able to deliver the greatest number of cars for a year and is standing in the first position. The company was in a question mark and people have started doubting the capacity of Tesla lately but it managed to deliver the highest number of electric vehicles in 2019 Q1.
The buyers of Tesla get a smaller tax credit when compared to the other companies present in the market but the value of the brand and trust has made it the best electric vehicle manufacturing company across the world. The shares of Tesla are up by seven percent and this is something that has to be noted. In order to meet its quarterly targets, Tesla has done some pretty mistakes at a huge cost. One such mistake is bringing on its employees from across the world to help in the manufacturing of the vehicles. After all the stress and work that Tesla has put in the manufacturing, this result can be considered as the worth of the struggle.
Toyota Is Planning To Invest $2 Billion In Electric Vehicle Development
Toyota motor corp. is planning on investing a whopping amount of $2 billion in electric vehicle development lately. The company is planning to provide some of the amazing features that will help it in standing out from the other. Toyota is planning to establish this new manufacturing unit in Indonesia and expand its market in that country.
Toyota has been a well-known company across the world and its high-performance cars are something that we can discuss. Right now the company is aiming at producing more electric vehicles which will help in saving the environment. This is the reason why it is establishing the manufacturing units for these vehicles among various countries in the world.
Indonesia minister and Toyota have combinedly came to an agreement and the manufacturing plant is going to start pretty soon.
Final Words
These are the important electric car news that we have until today. There are two amazing companies that are manufacturing these electric vehicles and both of them are expanding their market. The determination that both Tesla and Toyota are showing to increase the electric car market speaks volume about the progress that these vehicles made. These companies are trying to increase half of their global sales by the end of 2025.
