To make more affordable cars, Tesla needs to find ways to reduce the costs of their batteries. A video from The Wall Street Journal uses market research conducted by MITEI research scientist Apurba Sakti.
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The Trump administration recently scaled back fuel efficiency standards for automobiles, which are meant to reduce gasoline consumption and speed the shift to electric vehicles. Economists have disputed the calculations behind this decision, including Christopher Knittel (MIT Sloan), who said, “If you do the analysis right, we found that revoking these standards does not save consumers money.”