McKinsey: Management consultants predict manufacturers of electric cars will make fantastic profits

According to a McKinsey study, e-cars can already be sold for a small profit.

If the manufacturers do everything right, they could achieve fantastic returns.

Munich - Make a profit with the manufacture and sale of electric cars. According to experts, this is a contradiction. “You can't earn money with electric cars today or tomorrow, neither with Tesla nor with the German manufacturers,” says

, quoting

Helmut Becker, the former chief economist at BMW. This is in line with information from

. At the market launch of the ID.3, the magazine wrote that Volkswagen was selling each copy with a loss of 3000 euros. 

But you may have made a mistake, if one can believe a new study by the management consultancy McKinsey, which is available to the

.

It primarily examines the manufacturing costs of 16 important e-car models, but without naming the manufacturers.

Accordingly, six of these models are sold in Europe with minor losses, eight models at no cost and two upper-class models with significant profits.

On average, from the study's point of view, the cars are barely profitable. 

McKinsey study predicts huge profits for electric car manufacturers: return on sales of up to 30 percent possible

In the next few years, however, things should go up steeply.

The authors of the study consider a profit of eight to ten percent of sales to be possible by 2030.

Those who work continuously to cut costs could increase the margin by a further eight percentage points.

Should the manufacturers establish new business models for their electric cars, such as online sales and business with additional software functions, a further five to twelve percentage points margin could be added.

In the optimal case, a return on sales of 30 percent would be possible.

The

even goes so far as to call the electric car as a "money machine".

That may be true if you compare the forecast figures with what is currently the most profitable car manufacturer in the world: Porsche has a return on sales of around 15 percent. 

McKinsey study predicts huge profits for electric car manufacturers: Tesla is already making billions in profits

Tesla is mentioned as a positive example.

Half a year after the ex-BMW man Becker had ruled out that the US carmaker would ever make money, company boss Elon Musk reports a profit of 1.1 billion for the second quarter of 2021. This succeeded despite difficult circumstances such as the Corona -Crisis, lack of semiconductors or the high costs of building new production facilities.

In the third quarter, Tesla delivered 241,000 vehicles, a record.

Analysts are now assuming another billion in profit for the current quarter.