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

Green Car Reports

Legacy automakers are still losing thousands of dollars on many EV sales, according to newly published analysis from the Boston Consulting Group.

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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. Automakers differ in their approaches to EVs, but most have felt the punch of slowing sales growth.

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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. Stellantis CEO Carlos Tavares has said that EVs cost the company 50% more to make, however, and it’s not a premium that can be passed along in the final price.

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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. ” Credit: Recurrent Auto. .” ” Credit: Recurrent Auto. The graph above shows how the EV sales projection for 2030 by BCG changed each time it released a report.

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

Tony Karrer Delicious EVdriven

is hoping to launch the Volt in late 2010 with a price tag of about $40,000. Electric car proponents at The California Cars Initiative believe the task force was unduly influenced by “plug-in skeptics” at the Boston Consulting Group , which is under government contract to provide input on the prospects for G.M.

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