Automaker Ford recently released an earnings projection showing that the company’s profits could soar by 50 percent if it halted production of and investment in electric vehicles (EVs).
Amid weaker consumer demand for premium EVs, Ford has already announced that it is slashing production of its F-150 EV Lightning pickup truck – the electric version of its iconic F-150 – delaying roughly $12 billion in investment. (Related: Ford loses billions on electric vehicles, reduces its EV production .)
EV sales in the U.S. have actually held up over the last in 2023 with over a million EVs delivered – up by about 51 percent compared to 2022 – “driven in part by generous incentives from Big Government’s Inflation Reduction Act.”
During the quarter, Ford reportedly dispatched close to 21,000 EVs – an increase of about 15 percent compared to last year – driven by vehicles such as the Mustang Mach-E, which sold […]
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