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Argentine EV “Tito” Costs a Tiny Fraction of a Tesla (NASDAQ: TSLA)

Hell-bent on reducing their reliance on fossil fuels, countries around the world are determined to replace their vehicle fleets with zero-emission electric vehicles (“EVs”). Most of these countries are looking to gradually phase out the sale of internal combustion engine (“ICE”) vehicles over the next decade or two, but one factor stands in the way of widespread EV adoption. Most electric vehicles on the market are far too expensive for ordinary consumers, and some governments have taken to offering subsidies and tax rebates to make electric vehicles more affordable.

However, one EV model that definitely won’t need the government’s help to sell is the Coradir Tito. Produced by Argentinian company Coradir, the name Tito is a callback to the company’s founder Alberto Tito Corapi. The compact vehicle packs…

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