The EV revolution is happening right before our eyes. Over the next decade, as years of automotive research and development begin to bear electrified fruit, the automotive industry will experience a massive upheaval. UBS, the Swiss banking firm, tore down a Chevrolet Bolt EVÂ to see how much it costs to produce, and the company came to some interesting conclusions not only about the Bolt but also the EV industry as well.
Thirty-nine UBS analysts poured over 563 Chevrolet Bolt EV parts. What the analysts discovered was electric vehicles are getting cheaper to produce at a faster rate than previously predicted. UBS predicts by 2023 automakers in Europe will be able to sell EVs at a five percent margin while being cheaper than their conventionally powered competitors. The company also anticipates that 30 percent of all vehicles sold in Europe by 2025 will be electric vehicles. Those are bold claims, but production costs are dropping.Â
In the Chevrolet Bolt EV, 95 recent of the vehicle’s powertrain value came from LG—the South Korean technology company known for a whole host of household products like TVs, smartphones, and more. UBS also discovered the Chevrolet packed $550 in semiconductor content into the Bolt’s drivetrain. That’s a significant increase over the $50-$60 currently found in today’s conventional vehicles. The industry is poised for a massive expansion.
Industries outside automotive production could also face challenges. Electric vehicles like the Bolt have far fewer moving parts, which will eventually make them easier and cheaper to repair. This would affect industries that revolve around automotive maintenance, for better and worse.Â
The UBS teardown takes an often lengthy process and compacts it into just a few minutes. This isn’t an hour-long class breaking down every part of the Bolt’s powertrain. Instead, UBS was able to distill a plethora of essential points and information into one concise video. Â
Comments
I can see EVs catching on in Europe by 2025 is because you drive 200/300 miles you need a passport because you are in another country. here in the states we drive 100 miles to get lunch. I drive 400 miles round trip just to ride my ATV on a weekend.
“here in the states we drive 100 miles to get lunch”
Now I know you’re lying.
it is close to 50 miles to the wifes and I favorite place to eat 7 springs ski resort and we used to drive there for lunch couple time a week. when you are retired and like to exercise your corvettes legs you go places. like I posted before we drive 400 round trip to our camp on weekends to ride our quads. if you are not enjoying your retirement you are missing out on life. I did not work 12 hours a day for over 40 years to be told where to go and what to drive to get there. I use my SS check to make my corvette payments what do you do with yours. ?? I have been retired for 25 years and I am enjoying life
Recently, the eurozone was formed (30 years ago?) Granted Russia is doing everything possible to stoke Nationalist movements to destroy the EU (as they are doing in the US as well) but for now, passports are no longer needed.
Wheres the link to the video? Cant see it here. Sick of websites and articles like this. On a brand new android phone.
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