« Reply #9241 on: October 29, 2023, 01:06:28 pm »
FORD PULLS PLUG ON $12 BILLION ELECTRIC CAR INVESTMENT, TAKES MASSIVE LOSSES ON EV’S AFTER BIDEN PRAISE by IAN MILLER October 27, 2023https://www.outkick.com/ford-pulls-plug-on-12-billion-electric-car-investment-takes-massive-losses-on-evs-after-biden-praise/ Ford also said that its electric car division lost $1.3 billion this quarter alone. Which means that for every EV the company sold, it lost $36,000. Revenues are so catastrophically bad for electric cars that Ford expects to lose roughly $4.5 billion on its EV unit.So people aren’t willing to pay more for cars they don’t actually want, based on hyperbolic scenarios of climate change, when the cars aren’t even necessarily better for the environment than gas cars anyway.Electric Cars Are This Unpopular Even With Biden Administration Financial Support
What might be most impressive about Ford’s remarkable EV losses is that the Biden administration
keeps giving out money to support the company. Just this year, in June, Ford was given $9.2 billion
to construct battery factories.
All to build more of the same cars that Ford can’t sell without steep discounts..
« Last Edit: October 29, 2023, 01:09:09 pm by Slide Rule »
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