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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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Is Hyundai’s IONIQ 6 the ultimate EV? Fast charging, long-range, and affordable price

Baua Electric

While automakers prepare to launch their next wave of electric vehicles, Hyundai already has an EV that checks all the boxes. 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. 361 $43,656 SEL RWD 77.4

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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

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. Hyundai EVs are some of the cheapest cars to lease After selling a record number of vehicles in the US, Hyundai looks to keep the momentum rolling in 2024. of the US EV market.

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

Baua Electric

2024 Hyundai Kona electric trim Starting Price (not including a $1,335 delivery fee) SE $32,675 SEL $36,675 Limited $41,045 2024 Hyundai Kona electric starting price by trim Starting under $33,000, the 2024 Hyundai Kona Electric is one of the most affordable EVs on the US market. Meanwhile, Blazer EV prices starting just over $50,000.

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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. Tesla is turning a profit on its EVs, but it definitely helps to have the bestselling vehicle on the planet and no legacy internal-combustion business to tend to. automakers.

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

EV Central

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.

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UC Davis report finds LCFS compliance costs may rise rapidly; recommends offsetting measures

Green Car Congress

Both options will be associated with high LCFS credit prices. Both these mechanisms guarantee that compliance costs will never exceed either the credit window price or the non-compliance fee, and provide a clear and transparent alternative compliance strategy, the authors suggested.

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