Page 4 - ElectriCar Magazine
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TMost automakers have production constraints for their electric models, whether it be supply
he electric-vehicle
market made big gains
in 2019, across multiple car manufacturers.
Rivian, for example, closed
out the year with an extra $1.3 billion in investments. Tesla turned
a profit, debuted the Cybertruck, delivered the first Model 3s, and announced a boosted range on
its Model S and Model X. On the luxury end of the spectrum, the Audi eTron went up for sale, Porsche started production on the Taycan performance car, and Lamborghini announced its first hybrid supercar.
There was plenty of tangible Electric Vehicle developments that happened in 2019, it was also a year of promises made. Last year, auto manufacturers had pledged to spend a combined
Range, Range, Range When you Plug-In
you want to be able to drive on electricity as much as possible,
total of $225 billion to develope new Electric Vehicles in the near future.
Restrictive emissions and fuel- efficiency regulations around the globe are compelling carmakers to produce vehicles that will be able to fit within those restrictions. In recent years, manufacturers have revealed plans and timelines for bringing more Electric Vehicles to market. Toyota, whose cars currently make up more than eighty percent of the global hybrid vehicle market announced plans to generate half of its sales from electrified vehicles by 2025,
five years earlier than it previously estimated. Despite already having its own battery making operation, Toyota will partner with the Chinese battery manufacturers to meet their demands.
In 2020, General Motors said Cadillac will be its lead brand in Electric Vehicles. Cadillac spokesperson said the majority
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