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BostonConsultingGroup, an American-based global management consulting firm that issued the report, said the figure accounts for customer taxcredits — painting a rather bleak picture for the future of EVs. Batteries will need to get better. Nearly 40 percent of 3,000 U.S.
Legacy automakers are still losing thousands of dollars on many EV sales, according to newly published analysis from the BostonConsultingGroup. Automakers will only be able to close about half of that cost gap with technology choices, BCG estimates. automakers.
Hyundai IONIQ 5 (left) and IONIQ 6 (right) at Tesla Supercharger (Source: Hyundai) Gaining ground in the US The comments came as Hyundai is finishing up construction on its first EV and battery plant in the US. billion Hyundai Motor Group Metaplant America (HMGMA) in Georgia is expected to be up and running by the end of the year.
Electric car proponents at The California Cars Initiative believe the task force was unduly influenced by “plug-in skeptics” at the BostonConsultingGroup , which is under government contract to provide input on the prospects for G.M. Sure, it can handle most commutes on the battery, but who commutes in this?
According to Hollis, consumer demand isn’t sufficient enough for the mass adoption of battery electric vehicles to develop as fast as everyone would like. He added that battery electric vehicles cost too much and that the infrastructure isn’t ready for recharging the batteries away from home. “I
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