The Ford F-150 Lightning displayed at the Philadelphia Auto Show, Jan. 27, 2023, in Philadelphia.
“As everyone knows, EV startups lose money while they invest in capability, develop knowledge, build volume and gain share,” he said. Model e had pretax losses of $900 million in 2021 and $2.1 billion last year, and it is expected to lose $3 billion this year. In the past two years Ford has announced it would build four new battery factories and a new vehicle assembly plant as well as spending heavily to acquire raw materials to build electric vehicles.
I’d stay away from electric, for now. The concept is cool but it’s tied to leftists as a political tool. Anything the woke touch fails. The middle and low income individuals will never be able to make that transition. Need a home, need a charging station.