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

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. & From Automotive News : In a statement, Porsche noted Gruner was leaving the company "at his own request." Gruner joined Porsche in 1999 from Boston Consulting Group.

article thumbnail

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

Green Car Congress

A newly released study from Boston Consulting Group (BCG) found F-Series, America’s best-selling truck since 1977, is among the most valuable consumer goods in America and a key employment driver. The F-Series franchise alone generates more revenue than major companies such as McDonalds, Nike, Coca-Cola, Visa and Netflix.

F-150 396
article thumbnail

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

Green Car Congress

The World Economic Forum (WEF), in partnership with US Special Presidential Envoy for Climate John Kerry, has launched the First Movers Coalition—a new platform for companies to make purchasing commitments that create new market demand for low carbon technologies. The remaining sectoral commitments will launch in early 2022.

article thumbnail

Li-Bridge outlines steps for US to double annual lithium battery revenues to $33 billion and provide 100,000 jobs by 2030

Green Car Congress

Announced in October 2021 by DOE and Argonne, Li-Bridge is spearheaded by three industry trade groups—NAATBatt International, the New York Battery and Energy Storage Technology (NY-BESTTM) Consortium, and New Energy Nexus—with active involvement from DOE national labs and Boston Consulting Group.

article thumbnail

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

EV Central

The Boston Consulting Group recently forecast that 55 percent of new utes sold in Australia by 2030 would be electric. The company says it has had plenty of early interest from a range of fleets. Roev will remove the ICE from Toyota Hiluxes and Ford Rangers and replace them with an electric motor and batteries.

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. 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.