By establishing a Gigafactory in India, Tesla will be able to significantly leverage the advantages of reduced labor costs & locally sourced materials, making the manufacturing of a $25,000 Tesla not just a vision, but an achievable reality. India’s abundant reserves of essential EV materials like lithium, combined with Tesla’s ongoing improvements in battery technology, will be able to yield significant cost reductions. Add to that the benefit of lowered import duties and the elimination of hefty import taxes and shipping costs, thanks to local production. These savings, driven by localizing the entire supply chain and continuously innovating on manufacturing & software, will allow Tesla to substantially lower the final price to the desired $25,000. This will further make electric vehicles widely affordable, revolutionizing their reach not just in India, but globally. IT IS NOT IMPOSSIBLE!
News & Image Source: Twitter (@Teslaconomics)
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