Ford CEO Jim Farley with the electric Ford F-150 Lightning pickup truck at the Ford Rouge Electric Vehicle Center in Dearborn, Mich.
But EVs are still a money-losing proposition for Ford, which expects to lose a whopping $5.5 billion on them this year.The next generation of EVs will be cheaper to build, Farley told Axios in an interview Friday after speaking at the Aspen Ideas Festival in Colorado. The IRA not only provides consumer tax credits of up to $7,500 on EV purchases, it also included billions of dollars in incentives for automakers that produce EVs and batteries domestically.on technology that could track U.S. drivers — all part of a broader effort to block low-cost Chinese EVs from coming to the U.S.
They'll need to include some U.S. components as required under North American free trade agreements, which "isn't free," he noted.Ford learned a lot"We have all the data off the cars, so we can see the Mach-E. We can see how people are using it, what their state of charge is, where they drive, how often they charge."Ford's research showed that roughly half of Americans take four or fewer trips over 150 miles a year.
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