A Chevrolet Bolt EV sits parked at a charging station at Stewart Chevrolet on April 25, 2023, in Colma, California. The BYD Seagull sells for about $10,000 in China, the Dacia Spring starts at $20,000 in Europe, the Renault Kwid e-Tech costs $19,000 in Brazil, and the Kia Ray goes for $22,000 in South Korea.In short, it’s coming soon. It may not seem that way at first glance: U.S.
The original Bolt, which GM discontinued this year, has been the most popular EV alternative to a Tesla in the U.S. for the past seven years. The unassuming car was known for mediocre ride quality, limited range and slow charging — but it won over a loyal fanbase with an unmatched starting price of $26,500 before incentives.
Surviving the transition to electric vehicles, Tavares said, requires offering prices comparable to gas-powered vehicles, even if that means severe cost cuts and fewer profits across the supply chain during the transition years. Reaching economies of scale is key. The first of three new EVs on that platform will arrive late 2026, with a starting price around $25,000, according to reporting that first appeared in Bloomberg Businessweek and was later confirmed by CEO Jim Farley. He said Ford’s new goal is clear: to create mainstream EVs that are profitable within a year on the market. That’s in stark contrast to the losses incurred by its current lineup.
On an earnings call in April, Musk said Tesla has accelerated, rather than delayed, its future-products roadmap and that “more affordable models” are coming in late 2024 or early 2025. Those models will be produced on Tesla’s existing production lines, rather than using the experimental production method, which Musk calls “unboxed,” that was originally planned.