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If $50,000 EVs still lose $6,000, when will EVs become profitable?

Baua Electric

BCG estimates that most automakers lose around $6,000 on each EV they effectively sell for $50,000, that price accounting for any tax credits or other incentives the customer might be eligible for. appeared first on Bauaelectric Auto News. market if heavily-subsidized Chinese EVs ever break through here. automakers.

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After chiding Ford for US CATL battery plan, GM may be seeking its own

Baua Electric

General Motors is negotiating a U.S. or Mexico, along with a GM license agreement for CATL’s LFP battery tech. The post After chiding Ford for US CATL battery plan, GM may be seeking its own appeared first on Bauaelectric Auto News. battery-supply deal with China’s CATL, Car News China reports.

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GM cuts 2024 Chevy Blazer EV price by thousands, resumes sales

Baua Electric

The Blazer EV is also now fully eligible for the $7,500 EV tax credit. 2024 Chevrolet Blazer EV LT Honda on Thursday also confirmed that the 2024 Prologue EV qualifies for the full $7,500 credit. The Blazer EV and Prologue are both built by General Motors at GM’s Ramos Arizpe assembly plant in Mexico.

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GM in talks with CATL to license cheaper LFP EV battery tech and joint North American plant

Baua Electric

General Motors (GM) is reportedly in talks with battery giant CATL to license its cheaper LFP battery tech. Details are scarce, but the plant will likely be in the US or Mexico. Both automakers look to sidestep federal regulations requiring EV batteries to be produced in North America to qualify for a tax credit.

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More bad buzz for Chevy Blazer EV: software glitches, doors that fly open

Baua Electric

After customer complaints over its software issues, which sparked a halt on sales right before Christmas, General Motors has now issued a small safety recall , which includes the Chevrolet Blazer EV, for vehicles that may have defective doors that could fly open while driving. FTC: We use income earning auto affiliate links.

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Mullen’s electric trucks earn CARB certification, qualifying for over $45k in customer savings

Baua Electric

2023 was an interesting year for Mullen Automotive ($MULN) as the veteran EV startup took significant strides in expanding its commercial EV operations after claiming a majority stake in Bollinger Motors in September of 2022 and wholly acquiring ELMS and its IP one month later. FTC: We use income earning auto affiliate links.

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Fiat unveils 5 new boxy ‘Panda-inspired’ concept cars

Baua Electric

Fiat just unveiled a new set of Panda-inspired concept cars at the Geneva Motor Show, including a new city car and a pickup truck. It starts at a reasonable $32,500 plus a $1,595 destination fee, although it’s not eligible for the $7,500 federal tax credit. FTC: We use income earning auto affiliate links.

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