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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. But none of the major markets are on pace to hit those targets. Nearly 40 percent of 3,000 U.S.

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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.

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

Baua Electric

of the US EV market. Earlier this month, Hyundai introduced its “Getaway Sales Event,” offering savings on popular models, including its all-electric vehicles. 2024 Hyundai IONIQ 6 SE (Source: Hyundai) The IONIQ 6 SE AWD is on sale for $319 per month, with $319 at signing. Hyundai’s IONIQ 6 deals include $10,000 in lease cash.

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Porsche’s North American CEO Leaves Company

The Truth About Cars

The former Porsche AG chief marketing officer took the wheel to oversee our region less than three years ago and has reportedly made an abrupt exodus.& Gruner joined Porsche in 1999 from Boston Consulting Group. President and CEO of Porsche Cars North America, Kjell Gruner, has left the company.

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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.

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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, the Hyundai IONIQ 6 is the only EV on the market offering fast charging in under 20 minutes, over 350 miles range, and at an affordable starting price. Source: Boston Consulting Group) BCG research found that 70% of US consumers are considering buying an EV.

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BCG report finds advanced biofuels, concentrated solar power, and solar photovoltaic tracking to make significant market impact sooner than commonly assumed

Green Car Congress

Advanced biofuels, concentrated solar power (CSP), and solar photovoltaic power (PV) will see accelerating adoption and growth and are on track to change the global energy mix far earlier than is often assumed, according to a new report from The Boston Consulting Group (BCG). Click to enlarge.

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