Electric cars still cost 7,800 euros more to produce on average than conventional ones, AlixPartners calculates.
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Electric cars are poised to arrive en masse in European showrooms after years of hyped concept-car launches and billions in investment by automakers and suppliers.Volkswagen has said the ID hatchback, due to open the brand's electric onslaught next year, will be priced close to conventionally powered versions of the Golf compact.Volkswagen and Mercedes parent Daimler, which between them have announced 30 billion euros ($35 billion) in electrification investment, both warned last month that it would not be enough.Electric cars still cost 7,800 euros more to produce on average than conventional ones, AlixPartners calculates.Pure-electric cars claim just 1 percent of the market overall.In markets where incentives have been dropped, sales of electric cars have fallen.German luxury carmakers including Volkswagen Group, which includes Audi and Porsche, could put up with losses on electrified vehicles if it enables them to keep selling their biggest earners, upscale SUVs and large sedans.
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