March 26, 2023
Electric vehicles are huge money-losers for Ford
By Monica Showalter
We know that electric vehicles, whose manufacture requires rare earth minerals mined by third-world children, aren't clean.
We also know that electric vehicles, which get their electrical charge from coal-fired plants and emit more carbon dioxide than conventional vehicles, aren't green.
We also know that electric vehicles, as recent storms and heat waves have indicated, aren't reliable
Now we learn that even at $70,000 a pop, complete with tax savings and government subsidies, green vehicles aren't profitable, either.
According to Breitbart News:
Ford Motor Company says its electric vehicle (EV) unit, “Ford Model e,” is losing billions of dollars, and should be viewed as a startup company.
Model e has lost $3 billion before taxes over the last two years, and is expected to lose another $3 billion this year as the company invests in the new technology, according to a report by Associated Press.
https://www.americanthinker.com/blog/2023/03/electric_vehicles_are_huge_moneylosers_for_ford.html