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

The Truth About Cars

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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WEF launches First Movers Coalition to drive demand for zero carbon tech

Green Car Congress

The World Economic Forum (WEF), in partnership with US Special Presidential Envoy for Climate John Kerry, has launched the First Movers Coalition—a new platform for companies to make purchasing commitments that create new market demand for low carbon technologies. Phase 1 commitments launched. Founding members are A.P.

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Hyundai IONIQ 6, Kona EV are two of the cheapest cars (EV or gas) to lease at just $169/mo

Baua Electric

Hyundai EVs are some of the cheapest cars to lease After selling a record number of vehicles in the US, Hyundai looks to keep the momentum rolling in 2024. According to S&P Global registration data, Hyundai was the fourth best-selling EV maker in 2024, with 51,411 electric cars delivered, or 4.5% of the US EV market.

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The Future of Gas Stations: Navigating Challenges and Embracing Opportunities

Driivz

The oil market’s volatility further complicates the situation, making it difficult for store owners to recover costs during low-margin periods, and tightening their already slim profits. Furthermore, electrifying gas-convenience stores will become not only a necessity to meet global climate goals but also a financial imperative.

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BCG report finds advanced biofuels, concentrated solar power, and solar photovoltaic tracking to make significant market impact sooner than commonly assumed

Green Car Congress

Advanced biofuels, concentrated solar power (CSP), and solar photovoltaic power (PV) will see accelerating adoption and growth and are on track to change the global energy mix far earlier than is often assumed, according to a new report from The Boston Consulting Group (BCG). Click to enlarge.

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

Baua Electric

The tailwind comes as the South Korean automakers are launching affordable EVs in key global markets, including the US. According to Goldman Sachs (via Wall Street Journal ), Hyundai sold over 800,000 vehicles, accounting for over 10% of the US market. trillion) in profits last year.

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Ricardo white paper outlines needed developments to realize autonomous driving

Green Car Congress

Engineering firm Ricardo has published a white paper— Key Enablers for the Fully Autonomous Vehicle —highlighting the technologies and development processes that are needed to develop commercially feasible self-driving cars that meet consumer expectations while also achieving compliance with likely future transport regulations.