Does it matter? The tax payers paid for those batteries already.
Yes, and it's really starting to look like a massive government boondoggle.
I knew the EV market was in trouble when it was revealed 2 years ago that more than 20 percent of EV owners had abandoned ship on owning an EV and flipped back to ICE.
And now they can't give the damn things away.
Ford loses 36 grand on every single EV it sells. And the much touted F150 Lightening ? Nobody wants it. Piece of shit rushed to market. What the fuck was Ford thinking? Farley should be fired.
"Put simply, Ford wants to make money. The problem? Where
electric cars are concerned, the company has perfected the art of losing money. In 2023, Ford racked up US$4.7-billion in related loses. That figure is set to rise to US$5.5-billion in 2024. By one estimate, Ford loses more than US$36,000 on every EV it sells; hardly chump change. Although it’s little consolation, Ford isn’t alone. General Motors has also racked up billions in EV-related losses. Tesla is admittedly an outlier although – spoiler alert – the company’s bottom line has historically been padded by government coffers (and other automakers)."
Link:
Ford is delaying the start of electric-vehicle production at its Oakville, Ont., plant until 2027. The move will mean extended layoffs
www.theglobeandmail.com