Ford Cuts EV Investment After Losing $36,000 On Every EVhttps://insideevs.com/news/693626/ford-cuts-ev-investment-after-losing-36000-usd-every-ev-sold-q3/
From the article:
"EV losses continued to rise in the third quarter, with the company posting an operating loss of $1.3 billion, up from $1.1 billion in the previous quarter and more than double its loss from Q3 2022."
"This means that Ford lost around $36,000 for every electric vehicle it sold in the quarter, surpassing its estimated $32,350 loss per EV in the second quarter. For the entire year, the carmaker expects a full-year loss of $4.5 billion for its EV unit."
The bloom is off the rose. ICE ICE baby will be going for a long time to come.