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

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

Green Car Congress

The electric F-150, which is undergoing tens of thousands of hours of torture testing and targeting millions of simulated, laboratory and real world test miles, will be more powerful than any F-150 available today and deliver commercial and personal customers the lowest expected lifetime total cost of operation among F-Series trucks.

F-150 396
article thumbnail

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

Green Car Congress

Seven of these sectors—steel, cement, aluminum, chemicals, shipping, aviation, and trucking—account for more than a third of global carbon emissions, but do not have cost-competitive clean energy alternatives to fossil fuels. The remaining sectoral commitments will launch in early 2022. Founding members are A.P.

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

article thumbnail

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

Baua Electric

According to online auto research firm CarsDirect , Hyundai’s IONIQ 6 is the cheapest car to lease in the US, gas or electric, at an effective cost of just $249 per month. Unlike most leases, Hyundai is only requiring the first month as a down payment. Hyundai’s IONIQ 6 is even cheaper to lease than a 2024 Toyota Corolla LE ($382/mo).

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. Tesla’s Model 3 was the next closest to hitting the mark. 361 $43,656 SEL RWD 77.4

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.