article thumbnail

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

The Truth About Cars

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. While segment growth has improved, it’s not happening at the pace industry leaders expected.

article thumbnail

Ford and Sollers sign MoU to establish a JV in Russia

Green Car Congress

Ford Motor Company and Russian automobile company Sollers OJSC signed a Memorandum of Understanding (MoU) under which the parties intend to launch a new 50:50-owned joint venture called Ford Sollers for the production and distribution of Ford vehicles in Russia. Sollers had originally planned a joint venture with Fiat.

Russia 186
article thumbnail

Volt supporters hit back at criticism

Green Cars News

Around $750million is needed for near-term Volt development according to General Motors with the vehicle expected to hold a price tag of $40,000 when it is launched in 2010. However, advocacy groups have hit back branding the task force’s assessment as short-sighted.

Volt 36
article thumbnail

U.S. EV adoption is happening faster than anticipated

Teslarati

The research directly contradicts and challenges a statement by Jack Hollis, the executive vice president of sales at Toyota Motor North America. It’s what the best industry experts are forecasting about how fast this is going to happen.” EV adoption in the U.S. Recurrent Auto: EV adoption is happening faster than expected.

article thumbnail

The EV Transition Explained: Reshaping Labor Markets

Cars That Think

One of the most vexing social challenges confronting the transition to EVs at scale is dealing with the effects that governmental EV transition policies will have on millions of jobs across a wide swath of industries. President Biden says his EV policies will result in “one million new jobs in the American automobile industry.

Market 95
article thumbnail

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

Tony Karrer Delicious EVdriven

Electric car supporters are rising to defend General Motors’ development of the Chevy Volt after the Obama Administration’s automotive task force proclaimed that the car was probably too expensive to be commercially successful in the near future. .&# Supporters of the car say that’s shortsighted. and Chrysler. Whatever B.C.G.’s

Volt 42