Ford Motor Company reported a whopping $132,000 loss on each electric vehicle sold during the first three months of the year, amassing a $1.3 billion loss.
(TestMiles) - In an automotive industry racing towards electrification, Toyota takes a commanding lead with its unveiling of the 2025 Toyota Camry, marking a significant shift in the company’s strategy towards hybrid electric vehicles (HEVs). This next-gen Camry, set to hit dealerships in Spring 2024, not only challenges conventional wisdom but also positions Toyota as []
One of the largest automotive companies in the world lost $1.3 billion in its EV-only business unit known as "Model e" in the first quarter. Ford's EV division sold 10,000 cars during the three-month period of the new fiscal year, which means that the corporation lost $132,000 on every vehicle delivered to customers.Read Entire Article
Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles it sold in the first three months of the year, helping to drag down earnings for the company overall. Ford, like most automakers, has announced plans to shift from traditional gas-powered vehicles to EVs in coming years. But it is the only traditional automaker to break out results of its retail EV sales. And the results it reported Wednesday show another...
The Federal Government will require new electric and hybrid vehicles to produce audible safety alerts when travelling at low speeds from November 2025
MARINE CORPS BASE CAMP PENDLETON, Calif. – Marine Corps Base Camp Pendleton had extended electric vehicle charger service beyond government owned electric vehicles (EVs) to personally owned EVs. As of April 22, 2024, this new resource is available to EV drivers with base access.
There is little doubt that the electric car is here to stay so let us consider the pros and cons or whether you might be better off with a hybrid. The good news is that if you care about your immediate environment then an electric does reduce emissions as well as carbon footprint and you […]
The EV revolution is a tempting proposition for entrepreneurs. But the business is not for the faint of heart. Successes tend to have a few common traits.
With billions being pumped into EV manufacturing, and more cars poised to hit the market, do Canadians want to buy those cars in the first place?
See photos of famous people driving their new Tesla Cybertrucks.
Rising demand for electricity has been met by more solar and wind generation, which is keeping a lid on prices and carbon emissions, the market operator says. Renewable energy generation drove down wholesale prices in the first three months of 2024 despite higher temperatures pushing up electricity demand, according to the Australian Energy Market Operator’s […]
(The Center Square) – One strategy for state officials looking to transition Washington’s transportation sector to electric vehicles is by subsidizing them with taxpayer dollars. This week, Gov. Jay Inslee announced $45 million in subsidies through a Department of Commerce grant program for families deemed “low-income” to purchase an EV. “Washingtonians really get it when it comes to electric vehicles,” Inslee said at a Wednesday news conference in Tukwila. ...