The British auto company plans to launch an electric vehicle in the next two years which might give Tesla competition.
Tesla Motors is in for a surprise. Aston Martin which is an established British auto making company has decided to step into the electric car industry which has become one of the most hyped up news of the auto industry. According to the most recent news, the British company has decided to start work on an electric car which will be one of its kinds, thus becoming a huge threat to the already established Tesla’s EV business. As for the recent news update, the company is currently working on making this electric car one of their biggest projects so far. They need to make it as big and as important as the Tesla cars as the sports car company has made huge plans to compete against the EV makers by launching a car that has not yet been made, with outstanding techniques and technology.
According to the CEO Aston Martin, this electric sedan will start emerging on the roads in the next two years and it will be created with the design of the Rapide S series. The car that the British company is working on will be equipped with extraordinary horsepower which will make the car stand out from the other cars that the other electric vehicle makers are making. These cars, however, will be available at a really high price given that the cars that Aston Martin produces are usually quite pricey. Rapide S which is the company’s most sold car has a price of around $200,000 which makes it quite unreachable for general public. Since Aston has a history of making expensive cars, the electric cars that are being designed by the company will be carrying a very heavy price tag which is one of the factors that it is only targeted at a particular audience.
According to analysts, Tesla Motors is not really threatened by the British company’s plans as the cars that it has always been producing has always been too pricey for the audience that the smart cars targets. As per the expectations of the analysts, the Aston electric cars will be around $300,000 which is going to make them the most expensive hybrid vehicles made till date. The most expensive car that Tesla has made available for the customers amounts up to only $120,000 which is still quite attainable for the customers who are interested in driving electric smart cars.
Analysts believe Tesla will continue to be one of one the most liked smart car makers of the industry no matter how much competition it receives.
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