As we try to get back to normal following Covid, many of us want to hit the road in a new vehicle. There’s a lot out there for 2021, and buying or leasing something new is probably a better bet than buying used. Here are some interesting options:
2021 Ford Mustang Mach-E
Yes, the Mustang has gone electric. Hardcore fans of this Iconic Ford may not like it, but the future is electric and Ford knows it. Learn more about how the Mustang Mach-E fits into Ford’s history of electric cars here.
A decade or more ago, it was hard to have it all in a car. The most environmentally friendly vehicles were seen as delicate or frail or simply unstylish. If you wanted something safe and secure, you’d have to opt for a minivan or a gas-guzzling SUV with a poor MPG rating. And if you wanted pure style, you’d end up paying for it all across the board—in safety features, in damage to the environment, and in monstrous gas prices. Thankfully, today things are much better—with new models like the 2015 Honda Accord, we can have our cake and eat it, too. This Hybrid really lives up to its name, combining style, safety, and eco-friendly technology to create a truly versatile and crowd-pleasing car.
Tesla is riding high right now, as the Tesla S is a beautiful car and it’s piling up awards. The company is certainly worthy of all the praise directed its way. But, things are changing quickly in the auto business, as technological innovation is progressing rapidly. Thus, things can change quickly for Tesla as well with competition lurking.
GM and Honda made big news this week with an announcement that they’re teaming up to develop a mass-market fuel-cell system for future cars. The system, which is expected to debut in about 2020, chemically “burns” hydrogen to generate electricity without toxic emissions.
That electricity can then be used to power an electric motor: In other words, these will be electric cars, only without the batteries. GM and Honda also pledged to work on storage technologies for all that hydrogen, as well as on infrastructure — places to “get gas” for your future hydrogen-powered ride.
This doesn’t mean that the world is giving up on battery-powered electrics, of course. Batteries remain heavy and expensive, and take a while to recharge, but Tesla Motors has recently made it very clear that a great car can be built around a big heavy battery pack, despite the trade-offs.
But the GM-Honda link-up, along with Toyota’s recent confirmation that it would launch a fuel-cell car next year (a car that seems likely to be aimed directly at the Model S, by the way), is a good reminder that battery-electrics aren’t necessarily the way forward, just one of several possible ways.
That’s something that investors in any car company, including Tesla, should keep in mind.
Of course, this article is aimed at Tesla investors, and the stock issue is separate from the company and its current and future prospects. The stock may be a bit overpriced yet the company’s outlook can be fantastic.
Tesla has proven to be a leader in this space, and I think they can handle the competition. But the competition will be there.
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Things change fast in the U.S. Auto Industry as it looks like it’s now Chrysler, Hyundai-Kia , Toyota and VW’s time to shine in 2012. GM and Ford are down in share for the year but they both have some strong product coming out that could put them back in the black when it comes to market share.
From the Detroit News:
General Motors Co.’s sales in the U.S. were down 8.2 percent for April as Ford Motor Co. reported last month’s U.S. sales were down, too, by 5 percent. Meanwhile, Chrysler Group LLC said Tuesday its sales were up 20 percent last month, making for its best April in four years.
GM sales were down to 213,387 primarily due to a 25 percent drop in fleet sales that the automaker said was because of the timing of rental customer deliveries. The company said its retail sales were essentially flat. GM also pointed out that April 2012 had three fewer selling days than the same month a year ago — only the second time that has occurred in the past 10 years.
GMC posted a sales increase of 4.5 percent during the month, driven by a 20 percent increase in sales of the GMC Sierra pickup and a 9 percent jump for the GMC Terrain crossover. Chevrolet, Buick and Cadillac all saw total sales fall during April compared to the same month a year earlier.
