Future $25k EV

 (cont'd from 9-25 post)

That same author who wrote the first Forbes article (linked in 9-25 post) has a prediction to make. Investors apparently were under-whelmed by Tesla's "Battery Day" report, but he sees an indication of the future in it. 

Some investors were not impressed by the incremental technical innovations. "But the tail end of the Battery Day presentation was incredibly significant and foretells the final nail in the coffin of the traditional car industry based around fossil fuel propulsion."

The battery makes an electrical vehicle (EV) more expensive to purchase than a traditional car. But that will change because of all the cost-savings Elon unveiled on Battery Day. He expects to deliver the $25k model within three years.

So . . "When you can buy an EV with over 300 miles of range that is faster and equipped with better technology than an internal combustion engine VW Golf, as well as being much cheaper to run, only groundless anti-electric prejudice will stop you."

from Forbes, "Tesla's $25,000 Electric Car Means Game Over for Gas and Oil"