29 May '14, 1pm

Tesla alone in achieving EV success, says new report #greenenergy

Tesla is alone in achieving true success with pure electric vehicles, according to a new report from investment bank, Morgan Stanley. According to Adam Jonas, an analyst for the firm, high prices and range anxiety have seen other EV makers fall short of expected sales. Jonas’ report, titled ‘EVs are Dead, Long Live Tesla’, seen by Forbes.com, suggests that Tesla has achieved success in an otherwise stagnating market. Competition from plug-in hybrids and before too long, fuel cell vehicles is expected to keep pure EV sales in check. Other carmakers including sector’s biggest player, the Renault-Nissan Alliance, have seen sales of fully electric cars fail to meet sales targets by their own admission. Last November, the Alliance’s CEO, Carlos Ghosn admitted they were four years behind sales expectations, meaning Renault-Nissan would miss its target for 1.5 million electric ve...

Full article: http://www.thegreencarwebsite.co.uk/blog/index.php/2014/0...

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