The mass market for electric cars is fast approaching in our lithium race into the post carbon world. To buy the best electric car with 200 miles range with performance to challenge rivals like BMW 3 series for just $22k you have to be in Colorado, U.S. For everybody else you have to check your state and federal tax incentives in place and take them into account reducing $35k price tag. If you will be still hesitating, just check UK prices. Tesla Model 3 will be priced at £30k (almost $45k), but it looks like a bargain compared to Tesla Model S and X with both cost upwards of £50k. The most important message to the world is that now you can buy electric car from Tesla Motors challenging BMW 3 series in performance and price! By 2020 I expect that electric cars will be better and cheaper than ICE ones and my 20/200 formula will disrupt the $4 Trillion dollars auto-industry. Lithium is the magic metal at the very heart of this rEVolution.
"All good things take time, care and patience. Lithium Technology is here and Energy rEVolution is coming next to you with GM Bolt and Tesla Model 3 igniting the mass market for electric cars. Slowly, but surely we are building our Vertically Integrated Lithium Business with Ganfeng Lithium with our J/V projects in Ireland and Argentina. Now it is time for Canada to shine and that wind for our sails I was talking last Fall about is coming. We have survived during the storm on the sand bank, now we know what to do when the tide is coming. I welcome all our new Partners to International Lithium, fasten your seatbelt, we are moving forward. Read more."
Finally, GM Bolt is out as production model at CES 2016! What is even better: GM promises to deliver now 200 miles with around $30k price tag! We are getting to my 20/200 EV mass market formula now: when $20k buys you BMW 2 type EV with 200 miles range. The first Price War in the Electric Space is officially on now! GM Bolt is priced "around" $30k and is challenging Tesla Model 3 to be unveiled at Geneva Auto show in March this year. Elon Musk will easily match performance of GM Bolt, in my personal opinion. Tesla can deserve even price premium to GM Bolt: next move from Elon Musk will be very interesting - will he go for the bold statement and the market share by matching GM Bolt at $30k price tag instead of $35k?
Later, Gigafactory will allow Elon Musk to be more aggressive with pricing with the increased volume, but what will be Tesla's move now? GM Bolt is supplied by LG Chem with lithium batteries: it will be very interesting to know the price and whether LG Chem is going for the market share as well now by selling lithium batteries below cost. I have never heard that LG Chem is working on the next stage of Lithium Solid State Batteries, can somebody help me here, please?
Lithium Solid State Batteries can be the largest secret around Gigafactory and Tesla Model 3 future. If Elon Musk is really working on it now and will be able to commercialise it - we can talk about $100/kWh lithium battery cost, when 50 kWh lithium battery for Tesla Model 3 will be costing only $5k and will provide at least 200 miles range! Read more."
200-MILE RANGE AND BMW 3 SERIES PRICES MEAN THE NEW TESLA MODEL 3 ELECTRIC CAR COULD BE A GAME-CHANGER
The new Tesla Model 3 electric car will be unveiled on March 31st, promising a range greater than 200 miles on a single battery charge, performance to challenge rivals like the BMW 3 Series and Lexus IS, and affordable prices that should compete with them too.
Tesla cars have so far been the playthings of affluent early-adopters, but the new battery-powered Tesla Model 3 could change all that. 'Affordable' is relative when it comes to new technology, and the word is the new Tesla Model 3 will cost upwards of £30k when it goes on sale. Compared to the Tesla Model S and Model Xwhich both cost upwards of £50k, that looks like a bargain.
Model 3 production and deliveries are due to start in 2017, but Tesla investors, rocked by a recent dip in the share price, will be hoping reaction to the new car's debut will keep things on the right trajectory. It was a company financial statement that first revealed the March 31st launch date for the new car, and investors will be keeping a weather eye on the production schedule for the new Model 3 as Tesla's first two fully in-house models were plagued with delays.
In an electric car sector that's beginning to show signs of heating up, any significant hold-ups to the Tesla Model 3's arrival could seriously limit its impact. Vauxhall/Opel's mass-market Ampera-efamily hatchback is already expected on sale in Europe - with a similar 200-mile range and £30k price - in 2017/18, following the sales launch of its GM Bolt sister car in the US this year.
Last month Tesla boss Elon Musk confirmed that Tesla Model 3 orders will open online the day after the big reveal on March 31st - or the same day if you go into one of the brand's US stores. Speaking previously at a special event at Tesla's base in Chambourcy, France, Musk also hinted at a staggered unveiling for the Model 3 similar to that which we saw for the Model X SUV. "The first pictures of the Model 3 will be end of March" Musk said. "I am being a little coy here, we are not gonna show everything about the Model 3 until a lot closer to production time."
With Model 3 production due to start in 2017, this could mean that we have longer to wait before getting an unrestricted look at the final production version.
Tesla's third model could make its world debut in Europe - after all, it's the home of the Model 3's chief rivals the BMW 3 Series, Mercedes C-Class, Audi A4 and Jaguar XE. But Musk's words would appear to indicate that the March event will reveal a pre-production prototype rather than the final version.
Power for the Model 3 will come from batteries produced in Tesla's new gigafactory, which will go on stream in Nevada later this year. With the recently-announced Ludicrous upgrade to the Model S allowing that car to get from 0-60mph in 2.8 seconds, we'd expect that the Model 3 will offer straight line performance to rival the M3's 0-62mph time of 4.1 seconds.
Although the Model 3 might not get the S's latest 90 kWh battery, the combination of a further two year's development of battery technology and a smaller, lighter, more aero efficient bodyshell should enable the Model 3 to claim bragging rights in a 0-60mph shootout against rivals. The chances are it will be able to go almost as far on a full charge as an M3 could on a full tank of fuel - the M3 has a theoretical range of 423 miles.
Tesla has also confirmed that a UK R&D base is still on the cards, although not quite a soon as planned. A European factory is also a possibility, with a spokesman confirming that Teslas are more than likely when the Model 3 is on stream and the company works towards mass market-levels of production.
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TESLA MODEL 3 NAME REVEALED
Back in 2014, Elon Musk, the CEO and founder of electric car brand Telsa, exclusively revealed a new electric BMW 3 Seriesrival, called the Tesla Model 3, to Auto Express. We had heard some talk about a Tesla Gen III model named 'Model E', but Musk told us exclusively what the name of the new car was - and why it had to be changed.
"We were going to call it model E for a while and then Ford sued us saying it wanted to use the Model E - I thought this is crazy, Ford's trying to kill sex! So we'll have to think of another name.
"The new model is going to be called Model 3, we'll have three bars to represent it and it'll be S III X!"
A cut-down version of the Model S and Model X platform is unlikely - it'll probably sit on its own, smaller chassis type. The new technology will be the brainchild of Tesla's British engineering chief Chris Porritt, who used to work with Aston Martin.
TESLA: UK RESEARCH AND DEVELOPMENT BASE PLANS
Musk announced on his recent trip to the UK that he planned to set up a research and development base over here and it could be up and running in time to feed into the Model 3 project.
The new car is rumoured to be about 20% smaller than the Model S and our image shows how it could look. Key to the new model, which Musk said should retail for around $35,000 (likely to equate to around £30,000 in the UK), is cheaper battery technology made possible by Tesla's forthcoming Gigafactory.
This new plant will produce batteries for all Tesla models, plus customers (rumoured to include Mercedes and Nissan) and a stationary storage programme to store energy from solar and wind farms. A decision on the location of the new Gigafactory is imminent, with US states Nevada, Arizona, California, New Mexico and Texas all in the running.
TESLA MODEL 3: REALISTIC RANGE OF OVER 200 MILES
Musk has also confirmed that he expected the new car to have a realistic range of over 200 miles with strong performance, like the Model S. "We want people to fall in love with their car and look forward to driving it," he told us.
As with the Model S and the upcoming Model X, the Model 3 will come with free use of Tesla's Supercharger network, which Musk said will enable Tesla owners to drive the length and breadth of the UK by the end of 2015. And if you want to buy a Tesla, you have to buy it direct from one of the company's own retailers rather than through a traditional dealer.
It's a recipe that's obviously working - Musk plans to sell around 35,000 cars this year, but the Model III is likely to propel sales well into six figures by the end of this decade."
Disclosure: I am/we are long TRRXF, ILHMF.