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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. market if heavily-subsidized Chinese EVs ever break through here. Automakers will only be able to close about half of that cost gap with technology choices, BCG estimates.

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

Baua Electric

With new tariffs on Chinese EVs, Hyundai and Kia look to gain an edge over their overseas rivals. Hyundai Motor, including Kia, generated a record over $9 billion (KRW 12.27 For now, electric vehicles are the top priority,” Hyundai Motor Group CEO Chang Jae-hoon said earlier this month. trillion) in profits last year. “For

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Electric-Car Fans Rally Around the Volt - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

Electric car supporters are rising to defend General Motors’ development of the Chevy Volt after the Obama Administration’s automotive task force proclaimed that the car was probably too expensive to be commercially successful in the near future. . in chinese ?, Supporters of the car say that’s shortsighted. and Chrysler.

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