The Truth About Cars

MARCH 21, 2024

A new study is claiming that automakers lose an average of $6,000 for every $50,000 electric vehicle they sell. 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.

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Boston Consulting Group Boston F-150 Tax Credit 105

Baua Electric

JUNE 7, 2024

Several automakers, including Hyundai , Kia, and Tesla, are now offering long-range EVs (those with at least 300 miles range) that are cheaper to buy than the average gas-powered car in the US. Electric vehicle prices have fallen significantly in the US after a series of aggressive price cuts led by Tesla over the past few years.

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Boston Consulting Group Hyundai Gas Price 52

Baua Electric

JUNE 24, 2024

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. For now, electric vehicles are the top priority,” Hyundai Motor Group CEO Chang Jae-hoon said earlier this month.

Kia 52

Kia Hyundai Affordable Boston Consulting Group 52

Teslarati

SEPTEMBER 4, 2022

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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Tax Credit Boston Consulting Group 2018 Tax 103