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Study Suggests Automakers Lose $6,000 On Each EV Sold

The Truth About Cars

Boston Consulting Group, an American-based global management consulting firm that issued the report, said the figure accounts for customer tax credits — painting a rather bleak picture for the future of EVs. Nearly 40 percent of 3,000 U.S. Nearly 40 percent of 3,000 U.S.

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If $50,000 EVs still lose $6,000, when will EVs become profitable?

Baua Electric

Legacy automakers are still losing thousands of dollars on many EV sales, according to newly published analysis from the Boston Consulting Group. And, as in most discussions of ways to grow EV adoption, expansion of charging infrastructure will likely be a factor as well.

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Hyundai and Kia are gaining a competitive edge ahead of the affordable EV offensive

Baua Electric

The IONIQ 5 was the sixth best-selling EV in the US last year, topping the Rivian R1S and Ford F-150 Lightning. 2024 Hyundai IONIQ 5 (Source: Hyundai) Despite rivals like Ford and GM pulling back on EV plans, Hyundai and Kia remain focused on closing the gap with Tesla.

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