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 Sale 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. Automakers differ in their approaches to EVs, but most have felt the punch of slowing sales growth.
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.
Hyundai and Kia are gaining a competitive edge ahead of the affordable EV offensive
Baua Electric
JUNE 24, 2024
In the US, Hyundai shattered its sales record for the third year in a row. Hyundai already sold nearly 15,000 IONIQ 5 models (+43% YOY) through the first five months of 2024 after setting a new monthly sales record in May. Hyundai Motor, including Kia, generated a record over $9 billion (KRW 12.27 trillion) in profits last year.
Electric-Car Fans Rally Around the Volt - Green Inc. Blog - NYTimes.com
Tony Karrer Delicious EVdriven
APRIL 21, 2009
Electric car proponents at The California Cars Initiative believe the task force was unduly influenced by “plug-in skeptics” at the Boston Consulting Group , which is under government contract to provide input on the prospects for G.M. and Chrysler. Whatever B.C.G.’s
U.S. EV adoption is happening faster than anticipated
Teslarati
SEPTEMBER 4, 2022
The research directly contradicts and challenges a statement by Jack Hollis, the executive vice president of sales at Toyota Motor North America. ” Credit: Recurrent Auto. .” ” Credit: Recurrent Auto. The graph above shows how the EV sales projection for 2030 by BCG changed each time it released a report.
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