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what type of innovation does tesla need in order to successfully achieve its goal of expanding more broadly in the battery electric vehicles (bevs) market?

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The type of innovation that Tesla needs in order to successfully achieve its goal of expanding more broadly in the Battery Electric Vehicles (BEVs) market is an innovation that allows batteries to store large quantities of electrical charge for a very long span of time.

What are Battery Electric Vehicles (BEVs)?

A battery electric vehicle, also known as a fully electric vehicle, only-electric vehicle, fully electric vehicle, or all-electric vehicle, is a type of electric vehicle that uses chemical energy stored in rechargeable battery packs as its sole source of propulsion, with no secondary source of propulsion.

Battery Electric Cars (BEVs), commonly known as EVs, are entirely electric cars with rechargeable batteries and also no gasoline engine. The battery pack, which is recharged from the grid, provides all of the energy for the car.

When we talk about EVs, we usually mean one of three types: hybrid electric vehicles (HEV), plug-in hybrid electric cars (PHEV), and battery electric vehicles (BEV).

Learn more about Battery Electric Vehicles (BEVs):
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