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.
Boston Consulting Group Group Tax Credit 
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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. Nearly 40 percent of 3,000 U.S. But they expressed strict requirements to make the jump.
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. Source: Boston Consulting Group) At just $243 per month, the IONIQ 6 is significantly cheaper to lease than the Toyota Camry, which costs $346 per month.
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.
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. ” Credit: Recurrent Auto. Everyone thought the EV tax credit was dead and done.
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.
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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