Tesla Inc (NASDAQ :TSLA) Model 3 rivals are crawling out of the woodwork. Well, accusing them of going after the affordable Tesla might be a tad presumptuous. However, over the next year more than 400,000 people will find themselves behind the wheel of the Model 3. Safe to say, the Elon Musk’s auto firm is the one to beat when it comes to affordable electric cars.
VW has a thing or two to say, and it is about their next big Tesla competitor. They have not slapped a name on it yet, only codenamed it the I.D. Concept. It will, however, be built completely in-house, be the first ever VW all-electric car, and put the Model 3 to shame in terms of pricing.
The I.D. Concept holds nothing back either. On paper, it holds all the makings of a great Model 3 competitor. That said, the public is yet to learn about its range per complete charge. Speculation hints that the overall distance will be less due to the reduced price tag. That, or it will be a lot less focused on other Tesla famous features like autonomous driving.
Get ready for the I.D. Concept from VW
For a certainty though, the VW I.D. Concept will blow the Model 3 out the water in terms of pricing. This week saw the Automobile Production forums take place. The public learned of VW’s first Tesla Inc (NASDAQ :TSLA) Model 3 rival there. It was the carmaker’s chief strategist, Thomas Sedran, who revealed the car’s price target.
By the looks of it, the Model 3, which goes for $35,000 USD at its most basic, will have to fend off a $28,000 USD VW I.D. Concept. Sedran admits this week that the electric car that VW is building should be around $7,000 to $8,000 less that the affordable Tesla.
Sure, hoards of budding Model 3 competitors are getting into the auto market now. Long-range and reliable EVs are the future of driving. Henry Fisker says his newest unveiling will be a lot more distinct, though. The most alluring and unique aspect of his Fisker EMotion will be its capacity to charge under ten minutes. Ditching lithium-ion for super-capacitors of graphene will make all of this possible, he assures.
The architectural brains behind the Aston Martin DB9 and BMW Z8, recently flaunted a Tesla Model 3 rival. Fisker held much of the car market’s focus when he unveiled the Fisker EMotion. While his concept car assures it will beat all Tesla cars, it is clearly still a long way off from landing on the market.
Building the allure of his incoming car, hearty claims came from Henry Fisker in the past. New battery tech comes in addition to the promise of a long-range, electric-powered sedan with connected and self-driving capabilities. The EMotion will make the most of graphene technology. The new battery tech is currently in the works at UCLA, but a patent filing is yet to be completed.
Get ready for Fisker E-Motion
What does it promise, you ask? Well, the EMotion will cover more than 400 miles on a single charge and fully charge within nine minutes. Beyond all of this, it will offer autonomous driving features too.
The public is assured that the Fisker sedan will priced similar to the Tesla Inc flagship Model S. The EMotion will be built by VLF Automotive, a long-standing car firm based in Detroit. Fisker joined the company back in January. VLF will also produce the Force 1, a supercar set arrive in the near future.
There are also other Tesla fighters coming our way. Faraday Future is gearing up to win over luxury EV buyers with a taste for F1 cars and speed. Volvo is going all out in two years, switching to electric powertrains. Asia is saturated with electric car makers too as the EV market grows ever more ripe there.
Safe to say, Tesla Inc (NASDAQ :TSLA) will be fighting to keep its crown in a few years. However, as the company comes closer to having several million cars out on the roads, its head start over rivals might keep it at first place for a very long time.