Green Car Congress

JULY 28, 2015

The gross refining margin is nothing but the difference between the value of the refined products and price of the crude oil. In case of Saudi Arabia, the price of crude oil would be extremely low. The crude is so cheap it’s pretty much free for them, the margins are going to be massive. By offering almost 2.8 In fact, at $5.60

Saudi Arabia 150

Saudi Arabia Price Oil India 150

EV Central

JUNE 24, 2023

A year later Toyoda hosted the unveil of the HiLux-based Revo EV in Thailand. Meanwhile, Hanley promised the bZ4x would be competitive priced against the Tesla Model Y. I’ve often said BEVs aren’t cheap but we also know that in an accelerating BEV market we have got to be competitive,” said Hanley.

Australia 98

Australia Toyota Diesel Electric 98

Baua Electric

MARCH 4, 2024

Chinese OEMs are now producing good-quality vehicles, and thanks to cheap labor, government subsidies and economies of scale, they’re able to offer these at prices no Western automaker can hope to match. It’s building factories in Brazil, Thailand, Hungary and Uzbekistan, and will soon break ground on a plant in Mexico.

New York 52

New York Chinese BYD Mexico 52