Sumary of There's a $25,000 EV Coming, But It Isn't From Tesla:
- The XPeng P5 sedan is an electric vehicle with a price tag as low as $25,000. Business Wire Electric vehicles hit another milestone Wednesday.
- A lidar-equipped EV that starts at less than 160,00 Chinese renminbi, or less than $25,000. There are lower-priced EVs on the market, but not with lidar-enabled, advanced driver assistance systems and not with range of the P5. Lidar is essentially laser-based radar and helps enable autonomous driving functions.
- XPeng is quick to point out that its driver assistance features—like all others available in passenger vehicles bought by consumers these days—still require drivers to pay attention to the road at all times.
- Autonomous driving systems can do a lot—even make unprotected left turns on city streets—but they aren’t truly self-driving yet.
- More affordable EVs open up a new segment of the market for the battery electric car industry.
- Rivian is expected to start deliveries of its pickup in 2021. And a Tesla Model 3 as well as a Chevy Bolt—two popular EV models—can retail for between $40,000 and $60,000. Both are more expensive than Honda Civic- or Toyota Corolla-type vehicles.