article thumbnail

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.

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

Baua Electric

Hyundai is offering two of the cheapest cars to lease (EV or gas-powered), the IONIQ 6 and Kona EV, in the US, with prices as low as $169 per month. Hyundai EVs are some of the cheapest cars to lease After selling a record number of vehicles in the US, Hyundai looks to keep the momentum rolling in 2024. Who said EVs are not affordable?

article thumbnail

Porsche’s North American CEO Leaves Company

The Truth About Cars

President and CEO of Porsche Cars North America, Kjell Gruner, has left the company. Porsche Cars North America COO Joe Lawrence and CFO Thierry Kartochian will assume the relevant business duties until a suitable replacement is found.& Gruner joined Porsche in 1999 from Boston Consulting Group.

article thumbnail

Boston Consulting Groups Says Hybrids and EVs Will Continue to Gain Market Share

All Cars Electric

Despite high costs for batteries, Boston Consulting Group predicts that more and more hybrids and electrics vehicles will be on our roads in the future. BCG conducted in-depth studies into battery costs for EVs and plug-in vehicles.

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. And that’s including gas-powered cars.

article thumbnail

6 Places Electric Car Drivers Want to See EV Charging Stations

EV Connect

Charging at home is still the priority, according to survey results from Boston Consulting Group. Yet, as more people adapt to life with an electric vehicle, many drivers are eager to see charging options outside of home and work.