Ford’s High-Profile Electric Truck Shows Auto Industry Gunning For Tesla’s EV Market Lead

  • 📰 Forbes
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

“This will be a watershed model release as Ford capitalizes on its entrenched position with customers on the EV front.' Read more:

he ease with which next-generation electric vehicle companies Rivian, Lucid and Fisker raked in billions of dollars from investors in 2021–combined with Tesla blowing past a once-unthinkable market cap of $1 trillion–marked the shift to an automotive era that’s racing to kick climate-warming carbon fuels.

Customer enthusiasm aside, neither Ford nor Rivian will be able to challenge Tesla as the EV volume leader in 2022 as they don’t yet have the capacity to build the hundreds of thousands of battery packs, electric motors and other components that are required. Meanwhile, Tesla may hit 1 million EV sales in 2021 and grow by a further 50% next year with the opening of new plants in Texas and Germany to bolster output from its Fremont, California, and Shanghai factories.

“By all accounts, the Ford F-150 Lightning should be a sales success,” says Jessica Caldwell, executive industry analyst for auto market researcher Edmunds. “It's priced significantly lower than most other EV trucks, and it's backed by the Ford name and the success of the F-Series, the best selling vehicle for decades in the U.S. That type of brand awareness may not offer the cool factor of the Cybertruck, but it can't be overlooked and doesn't come easily.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

They will epically fail

So many hard working men who use their trucks for a living are telling me that they will never buy an electric pickup. Ever. Period.

Me(Non fanboy): cybertruck is going to shit in every other trucks mouth. It won’t even be close. Again, non cultist here; just simple math.

Watershed model has interesting layers Are you excited for Based Elevator:3D?

South Africa South Africa Latest News, South Africa South Africa Headlines