Lots of reports flying around earlier that switching to crappy electric cars is really biting Ford in the butt, with them said to be losing $60k for each one of the stupid things they make.
Ford lost roughly $60,000 per electric vehicle sold in the first quarter of 2023, as the electric division remained on track for roughly $3 billion in yearly losses, according to the company’s earnings report.#CostOfNetZero
— Net Zero Watch (@NetZeroWatch) May 4, 2023
Ford loses $60,000 on every EV.
For the EV division to pencil out, Ford needs millions of middle-class buyers to buy millions of new gas vehicles. Those buyers then pay federal taxes to fund the tax credits for high-income EV customers.
— US Oil & Gas Association (@US_OGA) May 4, 2023