Future Cars

An Electric El Dorado For Investors

  • Why it matters

    Why it matters

    Electric cars are the future and investors would be well advised to keep a close eye on which companies are leading the way.

  • Facts


    • Tesla became America’s most valuable automaker last month, beating Ford and General Motors, even though it delivered just 25,000 cars in the first quarter.
    • Analysts say Renault is leading the way in electric car technology and Toyota is ahead in hybrid cars.
    • German automakers, led by BMW, are catching up, having dropped their obsession with diesel following VW’s emissions-rigging scandal.
  • Audio


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FILE PHOTO – Tesla Motors’ mass-market Model 3 electric cars
Tesla in pole position. Picture source: Tesla Motors/Reuters

April 10, 2017 was a landmark day for the world’s motor industry because it saw e-car pioneer Tesla pull ahead of GM and Ford to become America’s most valuable automaker for the first time with a market value of $51 billion.

It was a sign of the times. The era of the internal combustion engine is slowly but surely drawing to a close. Even in diesel-obsessed Germany, VW’s emissions cheating scandal has convinced the last doubters that there’s no alternative to zero-emission engines in future.

Electric power and self-driving technology will be the biggest leap in automotive technology since the invention of the motor car. The International Energy Agency predicts that the number of electric cars on the roads will rise 100-fold to 100 million by 2030.

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