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

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Hyundai and Kia are gaining a competitive edge ahead of the affordable EV offensive

Baua Electric

With new tariffs on Chinese EVs, Hyundai and Kia look to gain an edge over their overseas rivals. Hyundai IONIQ 5 (left) and IONIQ 6 (right) at Tesla Supercharger (Source: Hyundai) Gaining ground in the US The comments came as Hyundai is finishing up construction on its first EV and battery plant in the US.

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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. 2024 Hyundai IONIQ 6 trim Battery (kWh) Estimated Range (miles) Starting Price SE Standard Range RWD 53 240 $38,615 SE 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. 361 $43,656 SEL RWD 77.4

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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. Sure, it can handle most commutes on the battery, but who commutes in this?

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