https://e360.yale.edu/digest/porsche-evs-profits
"Porsche expects that, within two years, its electric cars will be as
profitable as its conventional cars, and that within five years, its electric
cars will prove even more profitable.
Speaking at the company’s capital markets day, chief financial officer Lutz
Meschke said that Porsche expects the margins on electric cars will equal and
then surpass the margins on gas-powered cars as consumers grow more willing to
pay for battery-powered vehicles,
Bloomberg reports.
Until recently, automakers had lamented the thin profit margins on electric
vehicles, which are more costly to manufacture and have historically held less
appeal for consumers. Now, with EV manufacturing facilities scaling up and
consumer interest on the rise, things are starting to change. “There are even
signs that the EV business could be at least as good as the business with the
conventional cars,” Herbert Diess, CEO of Volkswagen Group, said in March.
Porsche expects that EVs will account for roughly half of the luxury car market
by the end of this decade. The German automaker is aiming for 80 percent of its
sales to be fully electric by 2031."
Via
Future Crunch Aug 5, 2022:
<
https://futurecrunch.com/good-news-poverty-cambodia-universal-human-right-tigers-nepal/>
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
