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German companies are generally known to not rush with new products. They work until they perfected the product and only then introduce it to the market. That do
by dx034 9y ago
German companies are generally known to not rush with new products. They work until they perfected the product and only then introduce it to the market. That doesn't work for fast changing products such as smartphones but works well for machines and cars.
This is true for both EVs as well as autonomous driving. The manufacturers have the technology but only introduce it once the whole package makes sense (incl batteries). They won't lose much market share because the market is currently so small (except for markets where tax incentives were very large).
Once EVs make economic sense for the majority of drivers (probably in 5-7 years), I'd expect each of the large German manufacturer to have 10+ models on offer. With the knowledge around other aspects of the car and their production capacity they can probably make up for the delay within a few months' of production.
- dingo_bat 9y ago> Once EVs make economic sense for the majority of drivers (probably in 5-7 years), I'd expect each of the large German manufacturer to have 10+ models on offer. With the knowledge around other aspects of the car and their production capacity they can probably make up for the delay within a few months' of production. Makes sense except I think Tesla themselves will be a big player in 5-7 years. It's not going to be a walkover. Specially since setting up battery manufacturing needs time and expertise they (German corps) don't have.
- dx034 9y agoI also think that Tesla will be a big player but not the only one. There are currently probably around 10 large car manufacturers. Tesla can replace one of them but not all 10. Large manufacturers can likely progress fast on new technology so I'd guess that this will just lead to further concentration and another smaller player disappears (if there's still one left).