Tesla Motors' vision to sell 500,000 units in 2020

EV/PHV plans among emerging U.S. makers

2014/02/13

Summary
Tesla Motors: Model S sold 22,000 units in 2013
Tesla Motors' vision to achieve annual sales of 500,000 units in 2020
VIA Motors: converting GM's large-size vehicles into PHVs
Fisker Automotive: files for Chapter 11 bankruptcy-court protection

Summary

Reported below are business plans of emerging American manufacturers for Electric Vehicles (EV) and Plug-in Hybrid Vehicles (PHV). Tesla Motors, Inc. is enjoying steady business progress to date. The company sold 22,000 units of the Model S in 2013. It will launch the Model X crossover in early 2015 and the Gen III sedan with a USD 35,000 price tag in 2016. Tesla Motors has announced visions to expand its annual production and sales to 250,000 units in 2016 or 2017, and to 500,000 units in 2020. The company tapped into Chinese market in the fall of 2013.

VIA Motors, Inc. has started converting large pickups, SUVs and vans of General Motors Company, LLC into PHVs. The company will start selling them to private users in 2014. Among other manufacturers, Aptera Motors, Inc. and Bright Automotive, Inc. have already withdrawn from the EV and PHV market due to its sluggish growth. Coda Automotive, Inc.and Fisker Automotive, Inc. each filed for bankruptcy protection in May and November 2013, respectively.

Related Reports: Detroit Three's electrified vehicle plans (posted in February 2014)

Tesla Motors' Model S in front view
(from Tokyo Motor Show 2013)

Model S in rear view
(from Tokyo Motor Show 2013)

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