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Ford Loses This Whopping Amount of Money on Each EV It Makes
13 May 2023 | Abstracted from Motley Fool
"...Ford's EV sales grew a sizable 41% during the first quarter to 10,866 EVs, and its Model e segment lost $722 million...That essentially shows each vehicle that Ford's EV segment produces loses more than $66,000."Ford's EV profitability is expected to get worse before it begins turning a profit in 2026...Ford is targeting a global run rate of 600,000 EVs by the end of this year, with that figure reaching more than 2 million by the end of 2026."
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