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Electric Vehicles — Where are the Profit Margins?

EV sales to fleets will be an essential part of the equation, though with a higher profitability profile than traditional ICE vehicle sales. Profitability on non-vehicle items such as software will be even more critical.

OEMs Report 2022 Gains & Losses: Q4 Results Roundup

It was a mixed bag as quarterly and year-end sales results for nearly all major automakers rolled in. GM led U.S. sales, while Hyundai and Kia set new sales records and Stellantis and Nissan were down in both Q4 and YOY.

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