article thumbnail

Study Suggests Automakers Lose $6,000 On Each EV Sold

The Truth About Cars

A new study is claiming that automakers lose an average of $6,000 for every $50,000 electric vehicle they sell. 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.

article thumbnail

E2Ws require customisation, OEMs must prioritise consumer demand: BCG  | Autocar Professional

Baua Electric

To win in the electric two-wheeler market, vehicles require deep customisation to cater to different consumer segments, and it is critical for OEMs to focus on those demands and develop targeted offerings to meet the needs, according to a report published by the Boston Consulting Group (BCG). percent in 2023-24 from 1.9

article thumbnail

Is Hyundai’s IONIQ 6 the ultimate EV? Fast charging, long-range, and affordable price

Baua Electric

According to a new report from Boston Consulting Group , the Hyundai IONIQ 6 is the only EV on the market that meets potential buyers’ median price, range, and charging targets. Source: Boston Consulting Group) BCG research found that 70% of US consumers are considering buying an EV.

article thumbnail

Hilux, Ranger EV ute conversions by Roev from $47,990 as company confirms 2023 production

EV Central

The Boston Consulting Group recently forecast that 55 percent of new utes sold in Australia by 2030 would be electric. Roev will remove the ICE from Toyota Hiluxes and Ford Rangers and replace them with an electric motor and batteries. Vehicles produced in 2016, 2017, 2018 and 2019 cost another $1000 to convert.

article thumbnail

U.S. EV adoption is happening faster than anticipated

Teslarati

In an interview with Teslarati, Recurrent CEO, Scott Case shared an observation of a study by Boston Consulting Group (BCG) which has released a market projection for EV adoption annually since 2018. And even if you were ready to purchase one, and if you could afford it … they’re still too high,” Hollis said.

article thumbnail

The EV Transition Explained: Reshaping Labor Markets

Cars That Think

High-end engineering and computer software and systems jobs at auto suppliers are also at risk , as auto manufacturers are moving to shift those jobs in-house. Brian Cassella/Chicago Tribune/Tribune News Service/Getty Images. The Congressional Research Service (CRS) estimates that, “Of the nearly 590,000 U.S.

Market 88
article thumbnail

Stiff competition for electric cars

Green Cars News

According to a draft of the Boston Consulting Group’s (BCG) latest report on automotive propulsion, Powering Autos to 2020, conventional [.].