article thumbnail

Hyundai Motor, including Kia top Ford and GM in US EV market with affordable EVs

Baua Electric

Hyundai Motor Group, including Kia, is using affordability to gain market share in the US. With low-cost electric cars, Hyundai Motor , along with Kia, surged past American automakers Ford and GM in the US EV market in the first three months of 2024. Tesla’s Model 3 was the next closest to hitting the mark.

article thumbnail

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

Baua Electric

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. market if heavily-subsidized Chinese EVs ever break through here.

article thumbnail

The EV Transition Explained: Reshaping Labor Markets

Cars That Think

Former Volkswagen CEO Herbert Diess said, for example, that he expected by 2030 that software “will account for half of our development costs.” VW, like every other automaker, wants to control those costs. A recent analysis by the Economic Policy Institute finds (EPI) that that U.S. because the wage it pays at its U.S.

Market 91
article thumbnail

A More Detailed Look at a Prismatic Li-ion Cell and Pack Manufacturing Process

Green Car Congress

Each chemistry has its characteristics for power density, energy density, safety, cost and long-term reliability. Each sub-pack has approximately 3 kWh gross capacity which translates into a vehicle range of approximately 6 miles for a GM Volt to more than 12 miles for a TH!NK. Assumptions behind cost calculations. Cell Price.

Li-ion 218
article thumbnail

Electric-Car Fans Rally Around the Volt - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

“While the Volt holds promise, it is currently projected to be much more expensive than its gasoline-fueled peers and will likely need substantial reductions in manufacturing cost in order to become commercially viable,” the task force noted in its recent assessment of GM’s restructuring plans. The group pointed to a B.C.G.

Volt 42