Here’s Why The Auto Industry LOVES Electric Vehicles over GAS Cars
This is probably going to go against everything you thought about EVs and the cost not the cost of the EV not the price tag not the savings you’ll get from having to avoid the gas station but actually the production cost of EVS according to a research F firm EVS will
Be cheaper to produce than gas powered vehicles by 2027 that sounds surprising and unrealistic thanks to new manufacturing methods that are lowering production cost according to a market research firm called Gartner battery electric vehicles will be on average cheaper to produce than a comparable internal combustion engine by
2027 Gardner expects production cost to drop considerably faster than the cost of batteries which are the most expensive part of an EV and account for about 40% of the vehicle’s price they say their analysis was driven by innovations that simplify production costs such as Central ized vehicle architecture or the introduction of Giga
Castings that help reduce manufacturing costs and assembly time Giga presses are massive casting machines pioneered by US market leader Tesla to make large single pieces of vehicle underbodies streamline production and reduce the work of robots this new technology means bevs will reach ice cost parody much faster than initially expected
But at the same time it will make some repairs of bevs considerably costlier the market research firm expects the average cost of repairing an EV body and battery after a serious accident to rise 30% by 2027 and that could make Vehicles suffering a collision more prone to a
Total write-off as Gardner added that the repair cost could cost more than the residual value high cost tied to repairing EVS are already concerned among potential buyers maybe like yourself the research firm said that there could be a consumer backlash if reductions in production costs come at
The expense of higher repair costs it also expects about 15% of EV companies founded since the last decade will be acquired or bankrupt by 2027 quote this does not mean that EV sector is crumbling it is simply entering a new phase where companies with the best products and services will win over the
Remaining so former president Donald Trump secures what many people think will be his third term in November uh Biden’s eveve policies could face some significant changes which may impact you when it comes to uh carbine in the future Trump is now the representative for the Republican Party most likely uh he
Maintains that EVS he says are not yet fully practical for widespread use and raises concerns about existing structural limitations even though we are slowly building up the infrastructure more and more each month he says here quote I’m not opposed to electric cars but let’s be realistic about their current
Limitations he said this on a CNBC interview issues like range cost and production locations need to be addressed now Trump’s past characterizations of EVS as a quote hoax and his warnings of potential negative impacts on the Auto industry and jobs have drawn a lot of attention maybe it
Draws your attention he has pledged to reverse Biden’s EV policies if he returns to office bringing this possibility closer to reality during the CNBC interview he also expressed concerns about the Readiness of the nation’s infrastructure for a widespread transition to EV quote the transition to EVS requires careful consideration of
Infrastructure challenges for the automotive industry and the future of EVS Trump’s stance presents both opportunities and challenges while some of his concerns May warrant attention there is also the risk of regulatory setbacks for Ev initiatives of particular concern is the potential for a roll back of federal support for Ev infrastructure projects including
Initiatives like the federal EV tax credit and funding from the P partisan infrastructure law such policy changes could impede the progress of EVS in the US automakers are also adapting to evolving market dynamics exploring hybrid options and investing in charging infrastructure however the uncertain policy environment under a potential
Trump presidency adds complexity to their strategic planning so a lot is riding uh this November as this approaches the November election the trajectory of EV policies in America remains uncertain the outcome will be significantly influenced by the future landscape of the automotive industry and the broader adoption of EVS so that is
The big concern isn’t it is the tax credit if that gets rolled back what do you think about this stance that former president Trump is taking and what this could mean moving forward in 20125 love to hear your thoughts in the comment section below today’s video is brought
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