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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. According to the latest Kelley Blue Book data , average transaction prices for a new EV were down 9% in the first quarter compared to Q1 2023.

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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. Loh recommended manufacturers splitting costs with suppliers, rather than trying to go it alone.

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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. 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.

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U.S. EV adoption is happening faster than anticipated

Teslarati

He added that battery electric vehicles cost too much and that the infrastructure isn’t ready for recharging the batteries away from home. “I ” Credit: Recurrent Auto. “First, it’s what are the projections for battery prices? This is a huge component of the cost of EVs. ” 3 Major Factors.

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

Tony Karrer Delicious EVdriven

is hoping to launch the Volt in late 2010 with a price tag of about $40,000. 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.

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