An electric conundrum: Gates thinks EVs are the future of automobile industry but high price is a problem

co-founderhas been an early adapter of the electric vehicle craze. And as the owner of a, estimated to cost in excess of $150,000, he would know a bit about whether going electric is indeed the future of the automobile industry. “I just got aTaycan, which is an electric car — and I have to say, it’s a premium price car, but it’s very, very cool. That’s my first electric car, and I’m enjoying it a lot,” he told a popular tech host on.

However, when asked if there’s anything other than the price that might dissuade people from going electric, Gates said the limited capabilities of their batteries could be one reason. “If you want to go longdistance, the pervasiveness of recharging, the time to recharge, compared to the filling up a tank of gas,” he said.

Bill Gates, Ratan Tata, Jack Ma: Business Leaders Who Accepted Their Biggest Mistakes


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Faux Pas

Bill Gates recently said that his ‘greatest mistake ever’ — reportedly worth $400 billion — was to not create Android at Microsoft. A look at other regrets of businessmen.

(In pic from left: Bill Gates, Ratan Tata, Jack Ma)

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