Legacy automakers are still losing thousands of dollars on many EV sales, according to newly published analysis from the Boston Consulting Group. BCG estimates that most automakers lose around $6,000 on each EV they effectively sell for $50,000, that price accounting for any tax credits or other incentives the customer might be eligible for... If $50,000 EVs still lose $6,000, when will EVs become profitable?
Legacy automakers are still losing thousands of dollars on many EV sales, according to newly published analysis from the Boston Consulting Group. BCG estimates that most automakers lose around $6,000 on each EV they effectively sell for $50,000, that price accounting for any tax credits or other incentives the customer might be eligible for... 
Mercedes-Benz is scrapping extended-range EV powertrains after tests of prototypes, according to an Autocar report citing an anonymous source with knowledge of the matter. Mercedes built and tested some prototypes based on existing models, "concluded that the range-extender drivetrain is a transitional technology with a relatively short-term... 
The 2024 Lucid Air Grand Touring—the longest-range version of the Air luxury sedan—gets some small but notable changes for the current model year, Lucid announced Wednesday in a press release. The Grand Touring is the second Air model to get a heat pump, after the high-performance Sapphire. As previously shown in other EVs, a heat pump... 