If $50,000 EVs still lose $6,000, when will EVs become profitable?
Green Car Reports
APRIL 17, 2024
Legacy automakers are still losing thousands of dollars on many EV sales, according to newly published analysis from the Boston Consulting Group.
Impact Assessment Of The Transition To Zero-Emission Trucks In Europe
CleanTechnica EVs
SEPTEMBER 28, 2023
T&E commissioned Boston Consulting Group to study the impacts of the transition to zero-emission trucks on the European economy and truckmakers’ global competitiveness.
Why Car Companies May Lose $6,000 On Each EV Sold For $50,000
InsideEVs
MARCH 25, 2024
A new Boston Consulting Group report outlines the challenges automakers face as they scale up EV production.
Study Suggests Automakers Lose $6,000 On Each EV Sold
The Truth About Cars
MARCH 21, 2024
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. consumers surveyed by Boston Consulting Group in January said they intend to purchase an EV as their next vehicle.
WEF launches First Movers Coalition to drive demand for zero carbon tech
Green Car Congress
NOVEMBER 5, 2021
The First Movers Coalition commitments have been developed with support from Design Committee and Expert Members; Boston Consulting Group; and Primary Implementation Member Breakthrough Energy.
Ford confirms construction of Rouge EV center to be home of electric F-150; production by mid-2022
Green Car Congress
SEPTEMBER 18, 2020
A newly released study from Boston Consulting Group (BCG) found F-Series, America’s best-selling truck since 1977, is among the most valuable consumer goods in America and a key employment driver. Like the rest of the all-new F-150 lineup, the electric F-150 will continuously improve over time with fast over-the-air updates.
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Li-Bridge outlines steps for US to double annual lithium battery revenues to $33 billion and provide 100,000 jobs by 2030
Green Car Congress
FEBRUARY 17, 2023
Announced in October 2021 by DOE and Argonne, Li-Bridge is spearheaded by three industry trade groups—NAATBatt International, the New York Battery and Energy Storage Technology (NY-BESTTM) Consortium, and New Energy Nexus—with active involvement from DOE national labs and Boston Consulting Group.
Boston Consulting Groups Says Hybrids and EVs Will Continue to Gain Market Share
All Cars Electric
JANUARY 18, 2010
Despite high costs for batteries, Boston Consulting Group predicts that more and more hybrids and electrics vehicles will be on our roads in the future. BCG conducted in-depth studies into battery costs for EVs and plug-in vehicles.
Porsche’s North American CEO Leaves Company
The Truth About Cars
JULY 6, 2023
Gruner joined Porsche in 1999 from Boston Consulting Group. Porsche Cars North America COO Joe Lawrence and CFO Thierry Kartochian will assume the relevant business duties until a suitable replacement is found.& & From Automotive News : In a statement, Porsche noted Gruner was leaving the company "at his own request."
Hyundai, Tesla pave the way for long-range (+300 mi) EV prices falling below average gas cars
Baua Electric
JUNE 7, 2024
Hyundai’s IONIQ 6 was found to be the only EV that met potential buyers’ median price, range, and charging targets, according to a recent report from Boston Consulting Group. Buyers are looking for fast charging in under 20 minutes, at least 350 miles range, and an affordable price (under $50K).
Hyundai IONIQ 6, Kona EV are two of the cheapest cars (EV or gas) to lease at just $169/mo
Baua Electric
MARCH 22, 2024
Source: Boston Consulting Group) A recent report from Boston Consulting Group found the Hyundai IONIQ 6 was the only EV that met potential buyers’ median price, range, and charging targets. Hyundai’s IONIQ 6 is even cheaper to lease than a 2024 Toyota Corolla LE ($382/mo). 361 $43,656 SEL RWD 77.4
6 Places Electric Car Drivers Want to See EV Charging Stations
EV Connect
MAY 8, 2023
Charging at home is still the priority, according to survey results from Boston Consulting Group. Yet, as more people adapt to life with an electric vehicle, many drivers are eager to see charging options outside of home and work.
Hyundai Motor, including Kia top Ford and GM in US EV market with affordable EVs
Baua Electric
APRIL 5, 2024
Hyundai Motor Group, including Kia, is using affordability to gain market share in the US. Source: Boston Consulting Group) According to a new report from Boston Consulting Group , the IONIQ is the only EV that meets potential buyers’ range, charging, and price targets. 361 $43,656 SEL RWD 77.4
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Togopool partners with AltF Coworking to encourage eco-friendly commuting and reduce traffic congestion – ET Auto
Baua Electric
JUNE 26, 2024
According to The Boston Consulting Group , traffic congestion in India’s largest cities incurs costs amounting to billions of rupees annually. This initiative aims to enhance carpooling for employees, reduce traffic congestion, and contribute to a cleaner environment, while also offering significant economic benefits.
BCG forecasts electrified vehicles to take half of global auto market by 2030; hybrids to dominate
Green Car Congress
NOVEMBER 3, 2017
In a new report (its fourth on electric car adoption) the Boston Consulting Group forecasts that a combination of hybrid and fully electric powertrains will cut the global market share of pure internal combustion engines (ICEs) by about 50% by 2030.
If $50,000 EVs still lose $6,000, when will EVs become profitable?
Baua Electric
APRIL 17, 2024
Legacy automakers are still losing thousands of dollars on many EV sales, according to newly published analysis from the Boston Consulting Group. Automakers will only be able to close about half of that cost gap with technology choices, BCG estimates.
Is Hyundai’s IONIQ 6 the ultimate EV? Fast charging, long-range, and affordable price
Baua Electric
MARCH 20, 2024
According to a new report from Boston Consulting Group , the Hyundai IONIQ 6 is the only EV on the market that meets potential buyers’ median price, range, and charging targets. Source: Boston Consulting Group) BCG research found that 70% of US consumers are considering buying an EV.
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E2Ws require customisation, OEMs must prioritise consumer demand: BCG | Autocar Professional
Baua Electric
MAY 6, 2024
To win in the electric two-wheeler market, vehicles require deep customisation to cater to different consumer segments, and it is critical for OEMs to focus on those demands and develop targeted offerings to meet the needs, according to a report published by the Boston Consulting Group (BCG).
New electric truck company Chanje emerges from stealth; first model out this year
Green Car Congress
AUGUST 10, 2017
Bryan Hansel, CEO of Chanje, also announced additions to the executive team: Ian Gardner, President - previously The Boston Consulting Group (BCG), Duke Energy, Los Angeles Clean Tech Incubator and others. FDG and other partners combined have invested nearly US $1 billion in bringing the medium-duty EV to market.
Car industry enters ‘golden age of innovation’
Green Cars News
JANUARY 13, 2014
The global car industry is entering a global age of innovation according to The Boston Consulting Group (BCG), making leaps and bounds in four key technology areas; powertrain, lightweight materials, connectivity and active safety (or assisted driving). A new report from the Group is released as t[.]. Green credentials'
Bosch developing sensor box for air taxis using production-tested components from automotive
Green Car Congress
MAY 22, 2019
The Boston Consulting Group predicts that people around the world will take 1 billion flights in air taxis in 2030, once sharing services have also established a presence on fixed routes above the ground; most of those air taxis will be capable of operating without a pilot. Bosch is working on sensor technology for air taxis.
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The Future of Gas Stations: Navigating Challenges and Embracing Opportunities
Driivz
AUGUST 5, 2024
According to research from the Boston Consulting Group, fuel retail networks are well on track to unprofitability by 2035, even in scenarios in which new mobility models are less disruptive and fossil fuel sales do not decline precipitously.
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Bosch launches eScooter sharing service under new Coup brand
Green Car Congress
AUGUST 3, 2016
The set-up and operation of the sharing platform have taken place in close strategic partnership with BCG Digital Ventures, the corporate venturing subsidiary of the Boston Consulting Group.
Shell to divest 1,000 retail locations, and also expand EV charging. Coincidence? – Charged EVs
Baua Electric
MARCH 22, 2024
Sources: Shell , Bloomberg via Yahoo Finance The post Shell to divest 1,000 retail locations, and also expand EV charging. Coincidence? – Charged EVs appeared first on Bauaelectric Auto News.
Hyundai and Kia are gaining a competitive edge ahead of the affordable EV offensive
Baua Electric
JUNE 24, 2024
“For now, electric vehicles are the top priority,” Hyundai Motor Group CEO Chang Jae-hoon said earlier this month. billion Hyundai Motor Group Metaplant America (HMGMA) in Georgia is expected to be up and running by the end of the year.
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Hilux, Ranger EV ute conversions by Roev from $47,990 as company confirms 2023 production
EV Central
NOVEMBER 24, 2022
The Boston Consulting Group recently forecast that 55 percent of new utes sold in Australia by 2030 would be electric. Roev will remove the ICE from Toyota Hiluxes and Ford Rangers and replace them with an electric motor and batteries.
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Ford and Sollers sign MoU to establish a JV in Russia
Green Car Congress
FEBRUARY 18, 2011
The proposed JV is one of a number of new market expansions focused on the Russian car market, which the Boston Consulting Group this week said may become the world’s sixth-largest by 2020, selling 4 million cars a year. Sollers had originally planned a joint venture with Fiat. Earlier post.).
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The Buck Stops With Who? Reuters Events Confront Scope 3 Emissions in Hard-To-Abate Sectors.
Baua Electric
JULY 23, 2023
Companies are getting on board, with 81% of businesses surveyed by the Boston Consulting Group (BCG) measuring their direct emissions “to some extent” in 2021. To win the war on carbon it is key to understand who is producing the gas, how much they are producing, and how it can be minimized.
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Electric cars will remain ‘too pricey’ over next decade
Green Cars News
JANUARY 8, 2010
The research undertaken by global management consultancy, The Boston Consulting Group (BCG), found that without a major technological breakthrough, batteries used in fully electric cars were likely to remain prohibitively expensive. Although prices are expected to [.].
Ricardo white paper outlines needed developments to realize autonomous driving
Green Car Congress
JANUARY 14, 2016
According to the Boston Consulting Group, the projected size of the global autonomous vehicle market in 2025 will be $36 billion for partially autonomous vehicles (levels 1–3) and $6 billion for fully autonomous vehicles (level 4).
U.S. EV adoption is happening faster than anticipated
Teslarati
SEPTEMBER 4, 2022
In an interview with Teslarati, Recurrent CEO, Scott Case shared an observation of a study by Boston Consulting Group (BCG) which has released a market projection for EV adoption annually since 2018. And even if you were ready to purchase one, and if you could afford it … they’re still too high,” Hollis said.
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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
NOVEMBER 11, 2010
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).
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UC Davis report finds LCFS compliance costs may rise rapidly; recommends offsetting measures
Green Car Congress
DECEMBER 30, 2013
Several groups have studied potential future compliance scenarios under the LCFS including Boston Consulting Group (2012) and ICF International (2013). Volatility in compliance credit markets can undermine the underlying policy and obfuscate price signals for investors in low CI fuels.
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Electric Vehicles Adoption – A Huge Business Opportunity for Utilities
Driivz
MAY 13, 2022
According to the Boston Consulting Group, the average utility can gain between US$3-$10 billion in new value. Utilities have the greatest opportunity to profit from the increasing adoption of electric vehicles, differentiating themselves and boosting their customer value proposition.
Volt supporters hit back at criticism
Green Cars News
APRIL 18, 2009
However, advocacy groups have hit back branding the task force’s assessment as short-sighted. The California Cars Initiative believes the task force has been influenced unduly by “plug-in sceptics&# at the Boston Consulting Group.
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BCG study finds conventional automotive technologies have high CO2 reduction potential at lower cost; stiff competition for electric cars
Green Car Congress
JUNE 15, 2011
Conventional automotive technologies have significant emission-reduction potential, according to a draft of the Boston Consulting Group’s (BCG) latest report on automotive propulsion, Powering Autos to 2020. Most consumers in this group expect a payback within three years. Source: BCG. Click to enlarge.
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246 PRTM: Operational Gains Can Help Drive Li-ion Cost Reduction Exceeding 50% by 2020, with Plug-in Vehicle Adoption of 10%
Green Car Congress
JANUARY 17, 2010
A series of recent reports—one from the National Research Council (NRC) ( earlier post ) and another from the Boston Consulting Group ( earlier post )—concluded that an expected continuing high cost of lithium-ion batteries will dampen mass market adoption of plug-in vehicles.
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When Will Electric Cars Start To Outsell Fossil-Fuel Vehicles? Projections Are All Over The Map
CleanTechnica EVs
MAY 22, 2021
Originally posted on EVANNEX. By Charles Morris In this day and age, just about everyone who’s paying attention — even stalwarts of the auto and oil industries — acknowledges that vehicle electrification is the future. But how far in the future are we talking about? Forecasts are all over the map.
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BCG Report Expects Battery Costs Will Constrain Widespread Market Adoption of Fully Electric Vehicles, Absent a Technology Breakthrough; Forecasts 26% of Major Market New Cars in 2020 To be Hybrid or Electric
Green Car Congress
JANUARY 8, 2010
Although lithium-ion cell and pack costs are expected to fall sharply by 2020, they are unlikely to drop enough to support widespread adoption of fully electric vehicles without a major breakthrough in battery technology, according to a new study by The Boston Consulting Group (BCG).
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199 A More Detailed Look at a Prismatic Li-ion Cell and Pack Manufacturing Process
Green Car Congress
FEBRUARY 23, 2010
In January, EnerDel hosted a group of journalists at its Indiana facilities and provided a plant tour showcasing its cell manufacturing and pack assembly processes. by Bill Cooke. EnerDel purchases their raw materials from suppliers in Japan and Korea but is working on localizing production in the US.
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218 Stiff competition for electric cars
Green Cars News
JUNE 16, 2011
According to a draft of the Boston Consulting Group’s (BCG) latest report on automotive propulsion, Powering Autos to 2020, conventional [.].
The EV Transition Explained: Reshaping Labor Markets
Cars That Think
JANUARY 17, 2023
A Boston Consulting Group (BCG) analysis of the European auto industry posits that about 930,000 existing auto manufacturing and supplier jobs will disappear with the introduction of EVS by 2030, but another 895,000 new jobs will be added. However, another study by consulting group Arthur D.
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Electric-Car Fans Rally Around the Volt - Green Inc. Blog - NYTimes.com
Tony Karrer Delicious EVdriven
APRIL 21, 2009
Advocacy groups argue the task force’s assessment is shortsighted and worry that the Volt project may land in the scrap heap as G.M. “Any new technology like the Chevy Volt takes time to become profitable,&# said Jay Friedland, the legislative director for Plug-In America , an electric-car advocacy group. rolls toward bankruptcy.
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Fewer Americans aspire to EV ownership, Gallup poll suggests
Baua Electric
APRIL 12, 2024
Recent research from Boston Consulting Group also suggests that the next wave of EV adopters are much like EV early adopters, but with tighter price expectations. Gallup also found that older Americans are less likely to buy EVs. The credit giant Experian recently noted the same—even as Baby Boomers dominate EV policy.
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