Remove Auto Remove Boston Consulting Group Remove GM Remove 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. Ford sold 20,223 electric cars in the first quarter of 2023, while GM sold 16,425.

article thumbnail

Hyundai, Tesla pave the way for long-range (+300 mi) EV prices falling below average gas cars

Baua Electric

Electric vehicle prices have fallen significantly in the US after a series of aggressive price cuts led by Tesla over the past few years. Hyundai’s IONIQ 6 was found to be the only EV that met potential buyers’ median price, range, and charging targets, according to a recent report from Boston Consulting Group.

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. GM was supposed to be producing hundreds of thousands of its Ultium EVs annually by now. appeared first on Bauaelectric Auto News. The simple answer may rest on volume.

article thumbnail

When Will Electric Cars Start To Outsell Fossil-Fuel Vehicles? Projections Are All Over The Map

CleanTechnica EVs

By Charles Morris In this day and age, just about everyone who’s paying attention — even stalwarts of the auto and oil industries — acknowledges that vehicle electrification is the future. Originally posted on EVANNEX. But how far in the future are we talking about? Forecasts are all over the map.

article thumbnail

The EV Transition Explained: Reshaping Labor Markets

Cars That Think

By some estimates, upwards to 80,000 auto workers and a similar number in the auto supply chain have already been laid off globally to support the EV transition. The automaker has already begun idling auto plants and is warning of future closures to pay for its transition to EVs and to try to keep EV prices affordable.

Market 88
article thumbnail

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

Tony Karrer Delicious EVdriven

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. April 17, 2009 11:38 am Link Goodbye GM. and Chrysler. Whatever B.C.G.’s

Volt 42