Electric cars make profits

Electric cars make profits

The return on sales of electric car manufacturers will go through the roof in the next few years, predict the infographic experts at block-builders.de. Previously it was said that it would not be possible to make money with electric cars for many years, but a current study by McKinsey shows that the production of electric cars is already barely profitable on average today. By 2030, profits should increase to 8 to 10 percent of sales. The best electric car manufacturers are even said to achieve sales returns of up to 30 percent. For comparison: Porsche, the car company with the highest return on sales to date, currently has a return on sales of around 15 percent.

Model Tesla

Tesla is an example of how you can already make good money with electromobility today. In 2020 as a whole, the electric car pioneer earned around $721 million. However, Tesla not only sells cars, but also trades in emissions certificates and cryptocurrencies, thereby compensating for fluctuations in the car market. The current global stagnation in vehicle sales is probably primarily due to the semiconductor crisis. According to a study by industry expert Stefan Bratzel, car sales in China, the USA and Europe are only 3 percent higher than the previous year, although 2020 was significantly affected by the effects of the pandemic. The Center of Automotive Management in Bergisch Gladbach said around 10 million more vehicles could have been sold worldwide without the semiconductor crisis.