Automakers lose about $6,000 on every EV they sell

Electric vehicle intenders want 20-minute charging times, a 350-mile driving range and to pay $50,000 for a car, according to a Boston Consulting Group study. Only one EV on the market — the Hyundai Ioniq 6 SE RWD Long Range model — meets those thresholds.  

Automakers are losing thousands of dollars on every EV they sell, and for the most part not meeting consumer expectations for the vehicles, according to Boston Consulting Group.

Why are so many EV Owners Unhappy?

EV’s are the future of motoring. Quiet, smooth, no pollution and no gas. Performance? With both high horsepower and very high torque off idle, we know that electric vehicles are fast and quick. So what’s not to like?

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Cold-weather charging is another EV pain point for drivers

Cold weather chargingFreezing weather can deplete the EV battery and slow charging times, and the U.S. doesn't have enough public chargers to give drivers confidence.

When Milwaukee plunged to minus 5 degrees Fahrenheit last week, the range on Don Wright's Ford F-150 Lightning fell by almost half, plummeting to 160 miles.

It's an edge case. Most days are not so frigid, even in Wisconsin.

The Ripple Effect of Investing in American Jobs

Something big is coming in Bryan County, Georgia. About an hour west of Savannah, on an otherwise unassuming stretch of Interstate 16, fleets of cranes and earth movers trundle along as the frames of vast industrial structures take shape in the distance.

The details of the project are no secret. Here, a stone’s throw from one of the cultural capitals of the South, Hyundai is spearheading the largest economic development initiative in Georgia history: its new $7.59 billion “Metaplant.”

Why Detroit 3 automakers' EV futures ride on UAW dea

The deals that Ford, GM and Stellantis eventually make with the UAW will go a long way toward determining their electric futures.

As the UAW strike enters its third week, the Detroit 3 have more to fear than the immediate financial pain of plants going down. The worry also runs deep for states reliant on these automakers and the drive toward electric vehicles.

The deals that Ford Motor Co., General Motors and Chrysler parent Stellantis eventually make with the UAW will go a long way toward determining their electric futures, according to industry experts.

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