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. consumers surveyed by Boston Consulting Group in January said they intend to purchase an EV as their next vehicle.

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. 305 $51,265 SE Dual Motor AWD 77.4 316 $47,065 SEL Dual Motor AWD 77.4

article thumbnail

Ford confirms construction of Rouge EV center to be home of electric F-150; production by mid-2022

Green Car Congress

The all-electric F-150 will feature dual electric motors targeted to deliver more horsepower and torque than any F-150 available today, the fastest acceleration, and the ability to tow heavy trailers. Like the rest of the all-new F-150 lineup, the electric F-150 will continuously improve over time with fast over-the-air updates.

F-150 396
article thumbnail

Hyundai IONIQ 6, Kona EV are two of the cheapest cars (EV or gas) to lease at just $169/mo

Baua Electric

Including Kia and Genesis, Hyundai Motor was second, behind only Tesla. Source: Boston Consulting Group) A recent report from Boston Consulting Group found the Hyundai IONIQ 6 was the only EV that met potential buyers’ median price, range, and charging targets. 305 $51,265 SE Dual Motor AWD 77.4

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. The simple answer may rest on volume.

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. 361 $43,656 SEL RWD 77.4

article thumbnail

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

EV Central

Roev will remove the ICE from Toyota Hiluxes and Ford Rangers and replace them with an electric motor and batteries. The Boston Consulting Group recently forecast that 55 percent of new utes sold in Australia by 2030 would be electric.