• 3 minutes In a Nutshell...
  • 5 minutes CV19: New York 21% infection rate + 40% Existing T-Cell immunity = 61% = Herd Immunity ?
  • 7 minutes Australian renewables zone attracts 27 GW of solar, wind, battery proposals
  • 9 minutes Why Oil could hit $100
  • 10 hours COVID is real now
  • 1 day Is Biden the poster child for White Privilege ? DNC needs to replace him now before it's too late.
  • 17 hours The Boris Yeltsin of America
  • 12 hours Where is Alberta, Canada headed?
  • 1 day Why Putin is popular in Russia
  • 6 hours Is The Three Gorges Dam on the Brink of Collapse?
  • 8 hours Joe Biden offers advice to correct the public health
  • 13 hours There Has Been No Trump Manufacturing Boom Even Before Covid
  • 23 hours Fauci: "USA will soon have 100K new cases per day". Trump re(p)-lies: "The problem has been fixed"

Breaking News:

Oil Climbs On Major Crude Draw

The Wave Of Big Oil Write-Downs Is Far From Over

The Wave Of Big Oil Write-Downs Is Far From Over

Supermajors are writing down assets…

Mercedes-Benz Launches New Car To Rival Tesla

Mercedes-Benz is unveiling on Tuesday its first all-electric model Mercedes-Benz EQC at an event in Stockholm—the first of a series of global premieres of electric vehicles by German luxury car brands to challenge Tesla in the premium EV segment.

Although its global premiere is today, the Mercedes-Benz EQC will be launched on the market in 2019 and will be the first all-electric Mercedes-Benz model from the car brand’s new product and technology brand, EQ.

Another German brand, BMW, is teasing the premiere of a new concept EV, BMW Vision iNEXT.

A third automaker, Audi, started on Monday mass production of the Audi e-tron, the brand’s first all-electric SUV. The world premiere of the e-tron will take place in Tesla’s very own backyard, San Francisco, on September 17.

The German carmakers are presenting electric vehicles that could start challenging Tesla’s market share in the premium EV sales, but analysts diverge in their opinions about just how fast and how much the German luxury brands can take away from Tesla.

According to Wajih Hossenally, an automotive powertrain analyst at IHS Markit, the arrival of German premium EV offerings would weaken Tesla’s position in the luxury segment.

“Tesla has virtually zero competition - but this will change from 2019 onwards,” the analyst told Reuters.

LMC Automotive thinks that the German car brands could exceed Tesla’s market share and hold 11.8 percent of the market in 2020. Three years later, Germany’s luxury electric vehicles share could rise to 19 percent, according to LMC Automotive forecasts, carried by Reuters.

Analysts who spoke to German newspaper Handelsblatt are less optimistic about the chances of German luxury EVs taking on Tesla in the short to medium term. Arndt Ellinghorst at Evercore ISI thinks that the first German EVs will be expensive compromises between the old and new world, while Peter Fuss, an automotive expert at consultancy EY, believes that the Germans will have success in a niche market, but noted that Tesla has a few years of head start.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

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