Max Warburton, Jerry Brown.
“While respectful of what Tesla has achieved so far, they criticized many aspects of Tesla’s approach – notably durability, battery build quality and safety – they insisted that large format batteries – mainly produced in Korea – offered better overall performance and ultimately could be made as cheaply once production is scaled up.”
Bernstein Research analyst Max Warburton spoke with insiders at Tesla and German carmakers. The latter were adamant that the Californians would not have a lasting lead in battery technology, an analysis the researcher shares.
“Electric cars are growing. But they’re not ramping up at the level we need.”
Californian Governor Jerry Brown fears the target to put 1.5 million electric vehicles on the road by 2025 is far from reach at the current growth rate. To fulfil its emission goal for 2030, 5m EVs would be required.
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