CleanTechnica•9 days ago
$13,034 Ora 5 Is Here!
Key Takeaway
The launch of ultra-affordable EVs like the Ora 5 in China signals a rapid acceleration of global EV adoption, demanding significant investment in grid infrastructure, generation capacity, and charging solutions for developers and large power consumers.
AI Summary
- •The Ora 5, a new small EV "SUV" from GWM's Ora sub-brand, has launched in China with an extremely competitive price point of $13,034.
- •This ultra-low-cost EV signals a global trend towards highly affordable electric vehicles, potentially accelerating EV adoption rates significantly.
- •Increased EV penetration, driven by such affordable models, will lead to substantial growth in electricity demand, particularly impacting grid planning, charging infrastructure development, and utility load profiles for developers and large power consumers.
Topics
capacity-marketinterconnectoempolicystoragetransmission
Article Content
Well … not here, but in China. The Ora 5, a small “SUV,” is the first new model from GWM’s Ora sub-brand in more than two years. And it was worth the wait. It seems certain the Ora 5 is going to be a competitive, high selling EV. The model ... [continued] The post $13,034 Ora 5 Is Here! appeared first on CleanTechnica .