In the race to create long-range battery EVs (BEVs), premium brands are taking the lead. Navigant Research projects over 6 million BEV sales globally by 2026. Because range anxiety is a leading deterrent of consumers looking to purchase an EV, increasing the range of BEVs will be crucial to expanding the market.
Over the past few years, several premium brands have announced they would bring to market BEVs with capabilities of at least 200 miles, with many pushing that number to over 300 miles of range. Apart from Tesla’s Model S and Model X, no premium automaker has released these long-range BEVs. However, 2018 is anticipated to be the year we start to see these new models come to market.
Premium Automaker Electric Promises
The following timeline showcases the increase in announced/expected premium brand long-range BEVs:
Announced Premium Brand 200 + Mile Range BEVs
(Source: Navigant Research)
Audi and Jaguar will likely continue Tesla’s long-range trend in 2018 with the crossover style Jaguar i-Pace and Audi’s SUV e-tron Quattro. The i-Pace is expected to have a range of 220 miles, while the e-tron Quattro will have around 300 miles of range. Audi is also expected to release another all-electric SUV by 2019, along with Aston Martin’s RapidE, Mercedes Benz’s Concept EQ, Porsche’s Mission E, and the Fisker EMotion. Looking to 2020 and beyond, BMW, Tesla, Infinti, and Volvo are all anticipated to release long-range BEVs—in Tesla’s case, the revamped Roadster with 600 miles of range (and a hefty price tag).
Premium brand commitments to electrification comes in more than just the form of single vehicle announcements. Volvo, Aston Martin, and Jaguar Land Rover have announced plans to go all electric or hybrid over the next decade, with Volvo promising this lineup by 2019. In 2017, Porsche installed its first 350 kW charging station at its Berlin office. The ultrafast charger is being developed for the Mission E to allow customers to recharge quickly.
Affordable, Long-Range Vehicles Not Far Behind
More details of these long-range vehicles will be unveiled closer to the release dates, but it is already clear that premium automakers are committing to an electric future. As with many consumer markets, premium and luxury automakers are often early adopters of trends and technologies that are later picked up by economy brands.
While these premium brand long-range BEVs will have a hold of the market for the time being, economy brands like Ford and Hyundai are announcing their own long-range BEVs, which will likely have a substantially lower price tag. Some premium brands, like Tesla, have begun offering less expensive electric models to meet this demand for non-luxury long-range BEVs and to compete in both market segments. If automakers stick to their electric promises and all begin producing EVs, we will continue to reduce emissions from the transportation sector and move toward a greener, cleaner future.
Tags: Advanced Battery Innovations, Carbon Emissions, Clean Transportation, Electric Vehicles, Transportation Efficiencies
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