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Why Car Companies May Lose $6,000 On Each EV Sold For $50,000

InsideEVs

A new Boston Consulting Group report outlines the challenges automakers face as they scale up EV production.

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

Green Car Congress

Ford celebrated the production start of the all-new F-150 at the Ford Rouge Center and confirmed construction of the new Rouge Electric Vehicle Center where it will build the all-electric F-150 by mid-2022. The new jobs will support battery assembly and production of the F-150 PowerBoost hybrid and fully electric F-150.

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

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WEF launches First Movers Coalition to drive demand for zero carbon tech

Green Car Congress

These technologies include hydrogen direct reduction, carbon capture use and storage, and electrolysis-based production processes. The First Movers Coalition commitments have been developed with support from Design Committee and Expert Members; Boston Consulting Group; and Primary Implementation Member Breakthrough Energy.

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Bosch developing sensor box for air taxis using production-tested components from automotive

Green Car Congress

The Boston Consulting Group predicts that people around the world will take 1 billion flights in air taxis in 2030, once sharing services have also established a presence on fixed routes above the ground; most of those air taxis will be capable of operating without a pilot. Bosch is working on sensor technology for air taxis.

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

EV Central

Aspirational Australian electric vehicle manufacturer Roev has confirmed pricing and details for its Ford Ranger and Toyota Hilux electric ute conversions ahead of planned production from the second quarter of 2023. The Boston Consulting Group recently forecast that 55 percent of new utes sold in Australia by 2030 would be electric.

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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. Automakers will only be able to close about half of that cost gap with technology choices, BCG estimates. market if heavily-subsidized Chinese EVs ever break through here.