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BostonConsultingGroup, an American-based global management consulting firm that issued the report, said the figure accounts for customer taxcredits — 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.
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. Hyundai, Kia, and Tesla models with at least 300 miles of range cost less than popular gas cars like the Toyota Camry or Rav4.
After a record 2023, Hyundai and Kia are not slowing down this year. 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 In the US, Hyundai shattered its sales record for the third year in a row.
Electric car proponents at The California Cars Initiative believe the task force was unduly influenced by “plug-in skeptics” at the BostonConsultingGroup , which is under government contract to provide input on the prospects for G.M. and Chrysler. Whatever B.C.G.’s
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