So where does that leave EVs?
Clean Energy proves that building out an infrastructure for an alternative fuel vehicle is possible; therefore, it would appear that doing the same for EVs is equally feasible (if not more so). According to Tesla Motors Inc (NASDAQ:TSLA)’s website, they have established 9 supercharging stations in North America, and they plan to expand to 100 more in 2015 — a move in the right direction. But, perhaps Tesla Motors Inc (NASDAQ:TSLA) and Clean Energy would benefit from a joint venture, in which they worked on developing America’s Electric Vehicle Highway.
Or maybe, Musk can go it alone with the help of one of his other endeavors, SolarCity Corp (NASDAQ:SCTY). As founder and chairman, Musk has led SolarCity to be one of the leading installers of solar systems nationwide. SolarCity offers clients an affordable and easy path to convert their homes to solar powered electricity. I recently met with a representative about my options, and I am seriously considering signing with them — especially as prices from my local utility continue to rise. Maybe some day, people could power their Tesla Motors Inc (NASDAQ:TSLA) cars with their SolarCity panels and more greatly assert their energy self-sufficiency?
Whether a Clean Energy partnership comes to fruition or not, my money is on Elon Musk. Why wouldn’t it be? Aside from co-founding PayPal, he founded SpaceX, a space launch vehicle company whose Dragon capsule docked with the International Space Station a few days ago. If NASA trusts him, why shouldn’t we?
The shocking conclusion
It will be years (if ever) before EVs comprise the majority of cars on the road, but Tesla Motors Inc (NASDAQ:TSLA) is making great strides in bringing these cars to the market. It will take time to ease people’s concerns about making the switch to these vehicles, but it will happen. Look at all that’s happened in the past few years.
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