To succeed in the mass market, EV makers must focus on cost, not speed

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To succeed in the mass market, EV makers must focus on cost, not speed

Quick Summary

As the global EV industry ramps up and crosses into the mass market, automakers must switch their focus from speed to cost, according to the AlixPartners 2022 Global Automotive Outlook released Wednesday.

However, the chip supply will be a constraint through 2024.

Automakers plan to invest $526 billion toward developing EVs through 2026.

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Article Details

Author / Journalist: Jaclyn Trop

Category: Technology

Topics: Detroit Munich Hyundai Motor Company Transportation Toyota Ioniq Automotive Volkswagen Transportation Cars AlixPartners Electric vehicles Hyundai EV

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-22, 13:49:31

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 3 minutes read

Article Length: 366 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 3748

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