• 5 minutes Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 11 minutes Saudi Fund Wants to Take Tesla Private?
  • 17 minutes Starvation, horror in Venezuela
  • 2 hours WTI @ 67.50, charts show $62.50 next
  • 11 hours Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 2 mins Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 54 mins Venezuela set to raise gasoline prices to international levels.
  • 12 hours Mike Shellman's musings on "Cartoon of the Week"
  • 7 hours WTI @ 69.33 headed for $70s - $80s end of August
  • 36 mins The Discount Airline Model Is Coming for Europe’s Railways
  • 16 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 1 hour Pakistan: "Heart" Of Terrorism and Global Threat
  • 22 hours Corporations Are Buying More Renewables Than Ever
  • 11 hours Batteries Could Be a Small Dotcom-Style Bubble
  • 23 hours Renewable Energy Could "Effectively Be Free" by 2030
  • 12 hours Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 13 hours France Will Close All Coal Fired Power Stations By 2021

Breaking News:

SEC Tesla Probe Not New: Report

Oil Prices Jump As Saudis Cap Oil Supply

Oil Prices Jump As Saudis Cap Oil Supply

Oil prices rose on Tuesday…

Zainab Calcuttawala

Zainab Calcuttawala

Zainab Calcuttawala is an American journalist based in Morocco. She completed her undergraduate coursework at the University of Texas at Austin (Hook’em) and reports on…

More Info

EV Market Gets Another Unlikely Challenger

EV

Expect a “radical” new electric car from Dyson, the renowned vacuum cleaner and fan company, by 2020, the company says.

Four-hundred Dyson employees have been working on the project for two years already at the corporate headquarters in Malmesbury, Wiltshire, the statement added.

Still, no prototype has been assembled and aspirations for mass-market production seem far-fetched, since a factory site has yet to be chosen.

“Competition for new technology in the automotive industry is fierce and we must do everything we can to keep the specifics of our vehicle confidential," CEO Sir James told the staff in a specially addressed email. It went on to say that the cost of the car, range or top speed have yet to be determined (or is being kept secret), though the firm would allocate 1 billion pounds to develop the car and another billion to make the car’s battery.

The car’s motor has been designed already, but the rest of the vehicle needs work, he said.

It is unclear whether Dyson’s car would compete directly with any of Tesla’s existing EV models, but Model 3 customer deliveries are currently expected to start in late October this year, and production of the special battery will begin in November.

Related: What Happens If Trump Trashes The Iran Nuclear Deal?

The American company’s vehicles have topped efficiency and speed tests against market leaders in performance. A Tesla Model X beat a Lamborghini Aventador SV in a quarter-mile drag race in August, setting a world record for the fastest production SUV.

Tesla has been pitching its Model X P100D as the fastest SUV, saying that Model X P100D with Ludicrous mode accelerates to 60 mph in 2.9 seconds. The Model S P100D with Ludicrous mode, on the other hand, is the third-fastest accelerating production car ever produced, with a 0-60 mph time of 2.5 seconds, behind LaFerrari and the Porsche 918 Spyder, according to Tesla.

Dyson’s entrance into the EV playing field has led many to query in jest whether the vehicle will suck.

By Zainab Calcuttawala for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • Kr55 on September 27 2017 said:
    Gotta be crazy to think you can hold Tesla long term. Priced right now like they are the only game in town and will be the only one for the next 2 decades.
  • Brandon on September 27 2017 said:
    The 1985 Sinclair C5 had a Hoover engine, so nothing new here.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News