If $50,000 EVs still lose $6,000, when will EVs become profitable?
Green Car Reports
APRIL 17, 2024
Legacy automakers are still losing thousands of dollars on many EV sales, according to newly published analysis from the Boston Consulting Group.
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Study Suggests Automakers Lose $6,000 On Each EV Sold
The Truth About Cars
MARCH 21, 2024
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. Automakers differ in their approaches to EVs, but most have felt the punch of slowing sales growth.
Is Hyundai’s IONIQ 6 the ultimate EV? Fast charging, long-range, and affordable price
Baua Electric
MARCH 20, 2024
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. And you get all of this starting at an affordable starting price of as little as $38,650. 361 $43,656 SEL RWD 77.4 305 $46,365 Limited RWD 77.4
Hyundai IONIQ 6, Kona EV are two of the cheapest cars (EV or gas) to lease at just $169/mo
Baua Electric
MARCH 22, 2024
Hyundai is offering two of the cheapest cars to lease (EV or gas-powered), the IONIQ 6 and Kona EV, in the US, with prices as low as $169 per month. Earlier this month, Hyundai introduced its “Getaway Sales Event,” offering savings on popular models, including its all-electric vehicles. Who said EVs are not affordable?
Hyundai Motor, including Kia top Ford and GM in US EV market with affordable EVs
Baua Electric
APRIL 5, 2024
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.
If $50,000 EVs still lose $6,000, when will EVs become profitable?
Baua Electric
APRIL 17, 2024
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.
Hilux, Ranger EV ute conversions by Roev from $47,990 as company confirms 2023 production
EV Central
NOVEMBER 24, 2022
Australian manufacturer Roev plans to do just that from 2023 by converting Toyota Hiluxes and Ford Rangers to electric, with conversions priced from $47,990. That makes the locally-converted utes cheaper than the LDV eT60 that has just gone on sale priced from $92,990 drive-away. 2023 Roev electric Toyota HiLux.
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