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Electric car production will soon be on the rise

July 6th, 2017  |  Canadian Business

Following today’s announcement that Tesla’s long awaited Model 3 has finally made it’s way off the assembly line, it seems like a rise in electric vehicle manufacturing will soon the on the rise.

"What we're seeing now is every major vehicle manufacturer has an electrification program well underway and I truly believe it's all because of Tesla's [leadership]," says John Dixon, president of the Tesla Owners Club of Ontario.

Just this past week, Volvo announced that as of 2019, all the cars that they manufacture will either be fully electric or hybrid in nature. While BMW pledged that by 2020, they will produce an electric version of each of their available makes and models. Volkswagen is also joining the growing trend by spending 2 billion dollars on electric infrastructure in the United States, including the instillation of over 500 electric charging stations.

The Tesla Model 3 is being viewed as a game changer in the industry as it is being produced as a mass-market level vehicle, which should be more accessible to the average consumer. According to Tesla the Model 3 should be able to do about 345km on a single charge, which is much higher than those within it’s price rage. And, although many still view cost as they main issue with electric vehicles, the Tesla Model 3 is projected to come in at a very reasonable price point, roughly $45,000 CAN.

"When you factor in the gasoline savings and now the rebates from the Ontario government it makes the car very, very affordable," says Dixon.