Electric cars are too expensive for most consumers

With the cheapest EV available in South Africa being the GWM Ora, which costs R716 900 for the entry-level model at the moment, and China where customers are choosing for homegrown brands such as BYD Co. and Nio Inc. that have been better at building EVs with software geared to local tastes.

A near-production concept of its CLA sedan, rated to go more than 750 kilometers on a single charge, beating Tesla’s refreshed Model 3. That Mercedes Benz electric car, an upcoming EV underpinnings, with a battery system that can add 400 kilometers of range in just 15 minutes of charging.

The company has a goal to sell only EVs where possible by the end of this decade and plans to set up eight battery factories with partners. Buy Mercedes being forced to cut prices in China because of sales. And the 2023 Chevrolet Bolt EUV which starts at $27,800 or R530 215.50. In late April 2023, CEO Mary Barra confirmed that the Chevrolet Bolt and Bolt EUV would be discontinued by the end of 2023.

"We have to close the gap on costs with some Chinese players that started on EVs a generation earlier," Renault (RENA.PA) CEO Luca de Meo told Reuters

Alpine EVs will be launched over the next four years, the upcoming electric cars will draw heavily on engineering from its formula 1.

Chinese EV makers, including BYD (002594.SZ), Nio (9866.HK) and Xpeng (9868.HK) are all targeting Europe's EV market, where sales soared nearly 55% to about 820,000 vehicles in the first seven months of 2023, making up about 13% of all car sales.

About 41% of exhibitors at this year's Munich event are headquartered in Asia. The more players the better, for the value of cars. Does it make sense to show model cars instead of building and compare to a Tesla or any driving electric car maker?