Analysis: Mexico Makes Lots of Electric Cars, but Few Mexicans Drive Them
With Tesla Inc’s plan to open a $5 billion Gigafactory in Mexico, the country should soon become a hub of electric vehicle (EV) production, but the zero emissions cars remain too expensive for most Mexicans and they are impractical to drive in much of the country, which lacks enough charging stations.
Mexico has made reviving fossil fuel output a priority under President Andres Manuel Lopez Obrador, frequently giving short shrift to investment in renewable power sources.
Photo courtesy of mini_malist (see you soon).
Source: Reuters (link opens in a new window)
- Technology, Transportation