Volvo's EV margins take a hit in Q2, but the EX30 is expected to change that
Volvo's EV margins take a hit in Q2, but the EX30 is expected to change that
Despite delivering a higher percentage of electric cars during Q2 2023, Volvo said its margins on EVs fell due to...
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Still 35k. Automakers are only interested in milking the EV market, not making EVs for most of us. It seems like it would be less expensive to engineer/produce evs since the they are mechanically less complex. Any engineers out there that can verify this?
The problem with getting EVs below $35k is all the equipment cars are required to have plus batteries for hundreds of miles of range. US consumers are “spoiled” by the idea of driving 300 miles, filling up the tank, and continuing, and there’s no high speed rail to utilize instead of using a car on long trips. The US is vast, literally the size of Western Europe combined, so the solution needs to be vehicles with shorter range for the close stuff and getting high speed rail for the longer trips. The short range vehicles can have smaller batteries, and that saves money and weight, which benefits performance on the road for big efficiency gains at a macro level.