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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.

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Porsche’s North American CEO Leaves Company

The Truth About Cars

.& According to sources speaking with Automotive News , losing the CEO was an unexpected turn of events. The news came out of left field," said an insider who requested to remain anonymous. & From Automotive News : In a statement, Porsche noted Gruner was leaving the company "at his own request." .&

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

Baua Electric

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. Hyundai’s IONIQ 6 is even cheaper to lease than a 2024 Toyota Corolla LE ($382/mo). 361 $43,656 SEL RWD 77.4

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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. appeared first on Bauaelectric Auto News. Automakers will only be able to close about half of that cost gap with technology choices, BCG estimates. automakers.

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

Baua Electric

Source: Boston Consulting Group) According to a new report from Boston Consulting Group , the IONIQ is the only EV that meets potential buyers’ range, charging, and price targets. Tesla’s Model 3 was the next closest to hitting the mark. 361 $43,656 SEL RWD 77.4 305 $46,365 Limited RWD 77.4

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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.

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Shell to divest 1,000 retail locations, and also expand EV charging. Coincidence? – Charged EVs

Baua Electric

– Charged EVs appeared first on Bauaelectric Auto News. Sources: Shell , Bloomberg via Yahoo Finance The post Shell to divest 1,000 retail locations, and also expand EV charging. Coincidence?