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Keyword: eletricvehicles

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  • Report: Despite Billions in Government Investments, Electric Vehicles ‘Piling Up on Dealer Lots’

    12/27/2023 2:04:38 PM PST · by ChicagoConservative27 · 83 replies
    Breitbart ^ | 12/27/2023 | John Binder
    Electric Vehicles (EVs) are “piling up on dealer lots” as American consumers continue buying traditional gas-powered cars at faster rates, the Wall Street Journal reports. According to the Journal, despite major investments from the federal government and automakers into EVs, Americans are not warming to President Joe Biden’s green energy agenda the way the administration and the industry had predicted. The Journal reports: As a result, electric cars and trucks are piling up on dealer lots, causing auto companies to reassess their investment plans. It takes a dealership around three weeks longer to sell an EV than a gasoline vehicle,...
  • Green Cars, Red Ink: Ford Set to Lose $4.5 Billion on Electric Vehicles This Year

    07/31/2023 12:25:06 PM PDT · by ChicagoConservative27 · 41 replies
    Breitbart ^ | 07/31/2023 | ALANA MASTRANGELO
    Ford Motor Company projects it will lose a staggering $4.5 billion on electric vehicles (EVs) in 2023, up from its previously predicted loss of $3 billion earlier this year. Ford, which has recently reduced the price of its electric F-150 Lightning pickup truck, announced Thursday that the company is projected to lose $4.5 billion from EVs this year, according to a report by Fortune. The company’s EV division, called “Ford Model e,” has already lost about $1.8 billion so far this year. The projected loss of $4.5 billion reportedly stems from slower-than-expected adoption of the new battery-powered vehicles.