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Is there a source on this? And is this the labor cost for the final product, or also that of all components?
by 0l 2y ago
Is there a source on this? And is this the labor cost for the final product, or also that of all components?
- bryanlarsen 2y agoThe UAW puts it at 5-8%. Other sources put it higher, up to about 15%. But that's for combustion vehicles -- most sources put the labor component of EV's at 40-60% of that of combustion vehicles. It generally includes the labor for sub-assemblies, but not for components. Components are sourced globally, so manufacturers in different countries should not be paying substantially different prices for components. Certainly sometimes they do, but that's generally a tariff issue, not a labor issue. Not an expert, this is just based on most of an hour of random Googling.
- criddell 2y agoDoes labor include healthcare and pension costs? A high school teacher once told me that the most expensive part of a car is healthcare and pension costs. Road and Track reported on this a little while ago, no idea what the situation is today. https://www.roadandtrack.com/car-culture/a9590/pension-costs-drive-gms-discount-prices/ https://www.roadandtrack.com/car-culture/a9590/pension-costs...