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Study Suggests Automakers Lose $6,000 On Each EV Sold

The Truth About Cars

A new study is claiming that automakers lose an average of $6,000 for every $50,000 electric vehicle they sell. 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.

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Porsche’s North American CEO Leaves Company

The Truth About Cars

.& According to sources speaking with Automotive News , losing the CEO was an unexpected turn of events. The news came out of left field," said an insider who requested to remain anonymous. & From Automotive News : In a statement, Porsche noted Gruner was leaving the company "at his own request." .&

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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

Earlier this month, Hyundai introduced its “Getaway Sales Event,” offering savings on popular models, including its all-electric vehicles. Hyundai sweetened the deal mid-month with new deals on some of its most popular EVs. 2024 Hyundai IONIQ 6 SE (Source: Hyundai) The IONIQ 6 SE AWD is on sale for $319 per month, with $319 at signing.

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Hyundai Motor, including Kia top Ford and GM in US EV market with affordable EVs

Baua Electric

Hyundai, Kia top Ford, GM in EV sales with affordability After the IONIQ 5 was the sixth best-selling EV in the US last year with nearly 34,000 units sold, Hyundai (and Kia) are starting the year strong in the US. Hyundai’s best-selling electric SUV, the IONIQ 5, set a new sales record last month, pushing EV sales up 100% over last year.

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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. appeared first on Bauaelectric Auto News. Automakers will only be able to close about half of that cost gap with technology choices, BCG estimates. automakers.

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

EV Central

That makes the locally-converted utes cheaper than the LDV eT60 that has just gone on sale priced from $92,990 drive-away. The Boston Consulting Group recently forecast that 55 percent of new utes sold in Australia by 2030 would be electric.