Are Automakers Losing Money On Electric Vehicles. But so far, evs are minimally profitable or even losing money depending on the model. Legacy automakers are losing money on most of their electric models.
In the first quarter 2023, ford sold 10,866 electric vehicles for a loss of $66,446 on every electric vehicle it sold. At the end of september, automakers had 88 days’.
What It All Comes Down To Is If The Auto Industry Is Indeed In Its “Field Of Dreams” Moment, All This Data Would Seem To Indicate If They Simply Build More Electric.
Tesla is using its lead in ev production costs to accelerate demand with price cuts.
Ford Is Losing Money On Each Ev It Sells, So The Reason For The Shift In Plans Didn't Seem To Be A Mystery.
This figure has more than doubled since 2022.
General Motors Says It Will Stop Burning Cash On Electric Vehicles By 2025 / The Largest Automaker In North America Is Laying Down A Marker For Itself To Sell 1 Million Evs Annually By 2025.
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At The End Of September, Automakers Had 88 Days’.
This figure has more than doubled since 2022.
It Is Also Significantly Higher Than The Days' Supply Of Traditional Gas Cars, Which Averages 59 Days.
Auto industry is experiencing unanticipated stumbles and challenges as it pivots to producing more electric vehicles, even as it makes large profits.
But So Far, Evs Are Minimally Profitable Or Even Losing Money Depending On The Model.