Hi everybody. Welcome to Shift, a podcast about mobility. I'm Pete Bigelow, your

host and reporter at the Automotive News.

Joining us on the podcast today in just a bit is Justine Johnson, Chief Mobility Officer from the State of Michigan.

But first, we've got a review of this week's headlines and for that I'm joined by my colleague Hannah Lutz.

Hi Hannah, how are you today?

Hi Pete, doing well, thanks for having me.

Of course. You wrote a story this week that caught my attention about a study from Boston Consulting Group that I wanted to ask you about.

It essentially brings more Dower news to the EV market right now. What exactly did BCG find?

Yeah, so it was a really interesting study. They estimated that most automakers lose

about $6,000 on every EV they sell effectively for $50,000.

So that is quite a loss as the industry is trying to move toward more EVs.

Obviously it is an average and they clarified that it was most

automaker so it's not speaking for everyone but that is it's very significant given given

the goals of the industry and BCG was questioning whether

it's sustainable for these automakers. One of the things that stood out to me is that

apparently lots of consumers intend to consider an EV as their next vehicle

about 40% if I remember right from the study.

But right now, not all that many are making the migration to actually making that purchase.

Why is that and what are consumers looking for before they make the jump?

They have some thresholds that they want to be met before they make this purchase and most of these thresholds would put owning an EV, you know more similar to owning a gas-powered vehicle.

So they want 20 minute charging times. That's still longer than it

takes to fill up a tank of gas, but better than some of the times we are seeing

...