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Battery cost makes affordable Toyota EV unlikely, exec says

Baua Electric

An entry-level Toyota EV is unlikely in the near future due to high battery costs, an executive said in a recently published interview with Autocar. Toyota Urban SUV Concept Carlucci’s statements regarding the state of EV affordability in Europe is similar to what Honda’s global CEO said just last week.

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Ipsos Auto Global Study: interest in battery electric vehicles growing in the US

Green Car Congress

The auto industry has seen this need to improve familiarity in the past, with some advanced driver assist features such as ACC and even autonomous driving. The Ipsos Study uncovered the top five issues: driving range, affordability, access to charging stations, overall ownership cost and battery life.

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CATL and BYD target 50% battery price cut this year to make EVs affordable – ET Auto

Baua Electric

This initiative is expected to bring down the price of its VDA specification lithium iron phosphate battery cells to RMB 0.4 This initiative is expected to bring down the price of its VDA specification lithium iron phosphate battery cells to RMB 0.4 per Wh, equivalent to USD 56.47 per Wh, equivalent to USD 56.47

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Honda admits it needs affordable EVs with plans for an electric Civic successor

Baua Electric

For Honda to compete as the industry shifts to electric, CEO Toshihiro Mibe explained, “We need more affordable EVs.” Honda to launch an affordable electric Civic replacement The company revealed two new EV concepts as part of its new “0 series” electric brand at CES earlier this month. FTC: We use income earning auto affiliate links.

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Panasonic’s battery unit misses annual profit estimate – ET Auto

Baua Electric

Chinese battery makers grew faster than rivals to account for more than two-thirds of global EV battery capacity last year, according to data from consultancy Counterpoint Research. Operating income for the key segment, which makes batteries for Tesla and other automakers, totalled 88.8 billion yen (USD 570.18

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BYD produces 200K units of its most affordable EV 

Teslarati

The BYD Seagull made headlines as one of the most affordable electric vehicles on the market. It debuted at the Shanghai Auto Show in April 2023 with a price tag of $11,300 in China. In 2021, news spread that Tesla might use BYD’s ultra-safe Blade battery for vehicles made in Giga Shanghai.

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Tesla $7,500 credit up front, Toyota affordable EVs, Ram electric vans: Today’s Car News

Baua Electric

Toyota pushes back about the viability of affordable EVs. That said, fewer Tesla models now make the cut, due to more restrictions on battery materials sourcing introduced for 2024. Toyota is the latest automaker to dismiss the viability of an affordable EV —in this case, specific to the European market.