- Auto companies and media outlets often compare new electric vehicles against Tesla‘s, so it’s easy to get the impression that Tesla is the driving force behind the industry’s surging investment in electric vehicles.
- But that’s not quite true.
- While Tesla demonstrated the demand for EVs in the luxury market, government regulations and developments in battery technology have played a larger role in the drive toward electric vehicles.
When major auto companies unveil flashy electric cars or announce their intentions to invest billions of dollars in electric vehicles, their plans are frequently compared to Tesla’s, whether by their communications teams or the media outlets covering them. So it’s easy to get the impression that Tesla is the driving force behind the industry’s surging investment in electric vehicles.
But that’s not quite true.See the rest of the story at Business Insider
NOW WATCH: Jim Chanos says Elon Musk just told his ‘biggest whopper’ about Tesla yet
See Also:
- A Tesla owner got pulled over for sticking his feet out the window while the car was on Autopilot
- Donald Trump and Elon Musk are slamming Obama’s trade deficit
- Tesla is about to make its first delivery with its all-electric Semi
SEE ALSO: The fascinating evolution of the electric car
