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Please answer this question ASAP in 10 minutes GM announced the construction of a new factory in the Detroit area dedicated to producing EVs. It
Please answer this question ASAP in 10 minutes
GM announced the construction of a new factory in the Detroit area dedicated to producing EVs. It will cost $2 bln and allow the production of 15,000 cars per month. The average price of GM's EV is $32,000 and the average cost of the car is $28,000. How long will it take for the factory to break even?
A. | Around 3 years | |
B. | Around 33 years. | |
C. | Around 56 months | |
D. | Around 11 months | |
E. | Around 33 months. | |
F. | Around 3 months | |
G. | Around 11 years |
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