It’s an exciting time to be an EV enthusiast and the race is just getting started.
It’s no secret that Tesla has dominated the EV (electric vehicle) space for the past 15 years. You read that right….15 years!!!
The Tesla Roadster was first introduced in late 2006. It unveiled Tesla’s cutting-edge electric powertrain and battery technology. Then came the best-selling electric vehicle sedan when the Model S hit the market.
Prior to the development of an all-electric vehicle, we saw HEV’s (Hybrid Electric Vehicle) making their way into market. The Honda Insight being the first in 1999, followed by the best-selling HEV Toyota Prius.
This is where it all started, and it certainly hasn’t ended.
Renewed Demand
With gas prices being at a comfortable level for the past 7 years, there really hasn’t been an overwhelming demand for hybrid or electric vehicles…until now.
Of course, you see hybrid and EV enthusiasts still flocking towards this constantly evolving technology. And the you have the consumer. They are always looking to save money on their long commutes to work every day.
For most part, the majority of consumers have been just subconsciously upgrading their ICE (Internal Combustion Engine) vehicles. They get the newest model every few years. They usually don’t even consider a hybrid or electric vehicle.
This is usually due to the lack of knowledge and understanding of such vehicles. You also have the stubborn ones that simply are hesitant to evolve. That is until now!
Tides Are Turning
Even though manufactures have been developing EV’s and HEV’s behind the scenes for years, we are now seeing an unprecedented switch from ICE vehicles to all-electric.
Just about every vehicle manufacturer has unveiled an all-electric version of their ICE vehicles that have wheels on the ground already or will be coming out in the next year or two.
Then you have new companies trying to make a name for themselves in the EV space. The list is a mile long, but some of the most notable are Rivian, Lucid Motors, Polestar, and most notably, Fisker Inc.
The Great Race
As the old saying goes, “Gentlemen, Start Your Engines!!!” Well now it’s, “Gentlemen, Charge Your Batteries!!!”
Even though there will be plenty of room in the EV space for everyone, there is indeed a race to be on top and crossing the finish line first.
Which EV can get the best range? What EV will have the best price in its class? And, which EV car maker will have an array of models or classes to choose from?
We will see this race unfold very quickly in the next 6 months to 2 years.
Fisker Ocean is Making Waves
I must admit, I am a bit biased towards a particular EV company hitting the market. With the unveiling of its first production SUV, Fisker, Inc. introduced the Ocean at the LA Auto Show last November.
My brother (also an EV and Fisker enthusiast) and I, both attended the auto show. Without being biased I can confidently say that Fisker had the best display. They also had the most buzz than any other EV at the show.
Since then, Fisker has introduced two more vehicles in its lineup with the Pear and Ronin hitting the streets in 2024. There is also high speculation that Fisker will introduce a pickup truck, allegedly called the Alaska.
Exciting Times Ahead
So, who will come out on top? Who will make a name for themselves? And, which EV car maker will have the sexiest EV with the best technology, best materials, best range, and best of everything in its class? Only time will tell. But I’ll tell you one thing, it sure will be an exciting time to be an EV enthusiast.
This guest blog post is written by @TomCorey. He is an automotive enthusiast, fan of Fisker, and holds a long position in $FSR shares.
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