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The long-awaited cheap Tesla Model 2 is on, but it won’t be entirely new. Chinese EVs with amazing UX features can beat the affordable Tesla.
Ford CEO Jim Farley said a company “skunkworks” team has been working on a small, low-cost platform for producing Ford EVs to compete with China and Tesla.
Reuters reported production of a new mass-market $25K Tesla Redwood EV may begin in mid-2025, which would work wonders for U.S. EV adoption.
The 2023 Chevrolet Bolt is the lowest-priced battery electric vehicle currently available, leading the list for cheapest EVs in 2024.
The economical $25,000 Tesla Model 2 is predicted to be a best-seller, drastically increasing Tesla’s EV market share.
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