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.

article thumbnail

U.S. EV adoption is happening faster than anticipated

Teslarati

In an interview with Teslarati, Recurrent CEO, Scott Case shared an observation of a study by Boston Consulting Group (BCG) which has released a market projection for EV adoption annually since 2018. ” Credit: Recurrent Auto. Everyone thought the EV tax credit was dead and done.

article thumbnail

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

Tony Karrer Delicious EVdriven

About $750 million is needed for near-term Volt development, according to the company. Advocacy groups argue the task force’s assessment is shortsighted and worry that the Volt project may land in the scrap heap as G.M. Short sighted company with a CEO that should have been fired long ago. the viability of GM as a company.

Volt 42