Electric Cars are Revolutionizing the Automobile Industry

Although there has been some form of electric cars for several decades, recently the quest for lower-cost transportation and—for environmentalists—the pursuit of alternatives to fossil-fuel has led to the growing popularity of electric cars. The leader today is Tesla, and its founder Elon Musk, who has just campaigned using the medium of “Battery Day”. He is in lockstep with California’s governor, Gavin Newsom, who is joining a dozen-plus other countries in prohibiting sales of gasoline/diesel-fuel-powered cars. For this to occur, there will be a need for a lot more electric car charging stations and more standardization. Although the new law appears to exclude current cars on the road and ones that will be sold before the deadlines, owners of cherished models will be able to retrofit them with electric motors.

If You Don’t Succeed at First Try, Try Again

Innovation isn’t always pretty in the beginning. Just ask Elon Musk. But he had a vision about electric cars and solar panels. In the early days of Tesla, there must have been many moments when he wondered if he would succeed. In particular, he sacrificed quality to achieve the quantity of cars. But now, even with the shutdown of the California factory, Tesla’s shipments were higher than expected.

A Car is a Personal Computer on Wheels

Computer on wheels

Depending on one’s taste and budget, a car is the fifth most expensive thing one will buy. But because electronic and computer technology continues to evolve, one will get more for one’s money. That’s because more and more of the car is really a computer. The best example is the Tesla; long-term writer/analyst Larry Magid makes the point.