https://www.businessinsider.com/ford-delays-ev-manufacturing-investment-cars-too-expensive-2023-10
*In a recent interview with The New York Times, Ford's executive chair Bill Ford said that high prices were the main reason why Ford was slowing EV production.
"Electric vehicles are expensive," he said. "We know prices will come down, and as that happens, we will have a bigger ramp-up of EVs."*
"Meanwhile Asian countries with combined total population numbers that are more than 10 times higher than the US are not held to even basic environmental standards that were implemented here a generation ago. "
yup, it is some sort of joke
thank goodness the US fake elite are sacrificing much more and leading by example - NOT
The real issue for EV buyers is that they are being forced on our free society as a mandate, whether you believe that they are good for us or not, that choice has already been made for you by liberal politicians who know what is best. No need to do your own reasoning here. Meanwhile Asian countries with combined total population numbers that are more than 10 times higher than the US are not held to even basic environmental standards that were implemented here a generation ago. The US and the UN look the other way while these countries go full steam ahead, no pun intended, but if our comparatively small population does not IMMEDIATELY eliminate ICE vehicles, civilization in doomed
Don’t believe me…….ask Greta Thunberg. If people are to be persuaded to buy electric cars, it will be because they are a reliable and affordable ALTERNATIVE to ICE cars, not a choice that is made by politicians.
When eggs were hard to find and cost $4/dozen, I heard people say, "plenty of eggs in MY neighborhood at $3/carton!"
Your perspective is very, very small.
You could also do a little research. Probably take a minute or two out of your day before you embarrass yourself. Do you think 6% of car sales are statistically significant? How about 4.6%? It depends on the source. Either way...
Fully Electric Vehicles Reached ~6%
https://cleantechnica.com/2022/10/13/fully-electric-vehicles-reached-6-of-auto-sales-in-usa-in-3rd-quarter/
What Percentage of New Car Sales are Electric?
https://www.caranddriver.com/news/a39998609/percentage-of-electric-cars-usa/
People are buying EVs. I see mostly Tesla on the road. I live in Austin Tx. So far this year I have seen 4 Ford Mach E and 2 F150 Lightning.
Tesla is everywhere. My family and friends owns 5 Tesla and they love it.
So the reality of battery EV's is so jarring that most people can't comprehend battery power is the wrong direction and simpler and better technologies exist. Ford just saved itself from a dead end. Hit a barrier at 10 mph the wrong way in any battery pack vehicle and you will learn. Yep there's a small place for this stuff but it will always be expensive and a bit dangerous. Hard to comprehend I know. Make way for clean ICE engines using fuels successfully implemented in S Korea and Japan. Change is hard so hard to let go and you'll make your fortune another way.
So sorry to see another Kodak in making. Either USA govt need to support legacy by loans and subsidies or support Tesla and RTiguan to replace legacy auto . Tech and manufacturing should remain in North America
Uaw workers should save money being earn for next 2 or 3 years and spend on skill improvements to apply for new jobd
Ford will eventually file for bankruptcy. The funding is from one company. Ford Blue has been paying for the expenses and the loss in Model E. That pot of money is running low that is why Ford just took a $9.2 billion loan.
Bill Ford finally see that there is no profit in making EV. Ford will reverse back to ICE and try to stay in business for a few more years.
Ford EV can't compete with other competitors. Model E will probably merge with another company.
Don't forget - Ford has split itself in two: Ford Model E and Ford Blue.
Ford Blue doesn't lose $37,000 per vehicle, Ford Model E does.
What remains to be seen: Does Ford spin "Ford Model E" off and push any debt into it to save itself from bankruptcy? We'll see.
They should have spun it off into it's own company back in March instead of creating a separate division.
:)
Ford does not know how to build a good quality EV. The F150 Lightning assembly line makes 2 vehicles per hour. The Mach E assembly line line makes 10 vehicles per hour.
At this rate, no wonder Ford looses $50,000 for every EV Ford makes.
On top of this, Ford recalls every single one of them since 2021. Warranty cost is through the roof. UAW workers are still earning overtime every week for barely making anything. Salary workers are not doing anything to improve the process. Most are working from home.
Ford will eventually shuts down these operations one the cash is running out. Bankruptcy is on the horizon.
The government needs to subsidize the auto industry more. $30k rebates per vehicle. All you have to do is print more money and inflate the currency. This must be done now because it's an emergency to save our democracy and ensure social, racial, and climate justice. WORKERS OF THE WORLD UNITE! Utopia is just around the corner folks!
Isn't the main cost on an EV the battery?
Seems like we need better and cheaper battery technology, and that would solve everything.
Slashdot has a good tech story with some very astute comments underneath it about the tech, the auto companies, etc. A careful read of the story & comments emphasizes profit expectation disappointments as a leading driver.
https://tech.slashdot.org/story/23/10/27/2140250/auto-execs-are-coming-clean-evs-arent-working
https://www.dailywire.com/news/cost-of-driving-electric-vehicle-equal-to-paying-17-33-per-gallon-of-gasoline-study-finds
Yep, with quality of copper reserves world wide down to 1 percent content and demand out-stripping availability this commodity alone insured EV's had no way to lower their manufactured cost. Let alone all the hidden infrastructure costs required. T'was a great scam though, lots a folks stood to cash in on a solution that would never deliver.
Put a fork in it, because thankfully, it's done!
EVs are history.
@mjz+1pi8xNaT
"Did you see the title of the article in your link?"
READ: Ford had to halt production of electric vehicles because they were losing $37,000 per vehicle. Lowering prices wouldn't fix that. It would make it worse. You can try to point to other things but it doesn't change the fact that Ford can't afford to lose $37,000 per vehicle. Don't try to wiggle out the fact that you had an embarrassing self-own in front of everyone. You are just making things worse for yourself.
Did you see the title of the article in your link?
fords-cost-problem-isnt-just-about-evs
Seems like a bigger problem at Ford than EVs.
"EVs aren't selling because they cost way too much, way more than the equivalent ICE vehicle. Manufacturers need to get the price down."
We are talking about Ford here, so this is relevant:
Ford Motor lost about $37,000 on each electric vehicle it sold last quarter.
Source: https://www.wsj.com/business/autos/fords-cost-problem-isnt-just-about-evs-f2024192
So, your answer is for Ford to lower the cost. But Ford is losing $37,000 a vehicle.
How can Ford do that?
You can see how the business model isn't sustainable right?
Selling cars at a $37,000 loss per vehicle will put a company out of business no matter what your feelings about electric vehicles are. And you don't get to make up your own rules. A big part of the economy is relying on the people that run these auto companies to make smart choices. Your job and your family relies on it.
The claim that all EVs are too expensive is stupid. There's half a dozen EVs now below the median new vehicle sales price. The one GM makes is a huge seller.
The problem faced by manufacturers is they aren't profitable yet (or in a few cases aren't yet profitable enough). That's a different issue than sales price.
Going to do wonders for the stock prices.
All these corporations put the buggy ahead of the horse, and raced to the finish line before they figured out how to sustain, control, and manage the end product. For a customer base that barely exists, and a majority that simply do not want. Just short of pricing gas at $50/gallon or pulling out all of the gas pumps leaving little to no options, some people will simply never buy an EV - ever.
Guess there's always biking. Ready up the family, we're going on a vacation - on bikes.
EVs aren't selling because they cost way too much, way more than the equivalent ICE vehicle.
Manufacturers need to get the price down.
I'll add that the public charging network is still poor. Not enough places to charge, and a lot of charging stations are broken when you get there.
People aren't avoiding EVs because they regularly burst into flames like some hysterical posters have said.