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Ford lost an estimated $36,000 on each of the 36,000 electric vehicles it delivered to dealers in the quarter — even more than its estimated $32,350 loss per EV in the second quarter,” according to Reuters. “During Ford’s second-quarter earnings briefing in July, Chief Executive Officer Jim Farley said the company would slow the ramp-up of money-losing EVs, shifting investment to Ford’s commercial vehicle unit and citing plans to quadruple sales of gas-electric hybrids over the next five years.”
A Rough Road Ahead for EVs
Posted from patriotpost.us
Cars
Vehicle
Energy
Posted 1 y ago
Responses: 3
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The people pushing EVs need to push the power companies to upgrade the grid and put out more electricity. Between EV and pushing out gas stoves it is hard not to believe someone wants the grid to fail and find ways to control people.
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Ford is now betting on hybrids and not EV's. Losing $4 billion in a year will dothat to a company.
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