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Ford sold 70,000 EVs so far in 2024. It lost $3.7 billion – over $50,000 per vehicle



Photo above - Ford can't touch this. A $1,200 eBike which could become everyone's second car. Yes, it's made in China, not on a US assembly line where union members earn $140,000 a year.

When I vote tomorrow, I won’t be driving an EV. Not that I don’t want to. My price point is $25,000 to $30,000. Maybe $33K if I got 0% financing. There are no EVs cars like that.

I was NOT surprised to learn that sales of Ford's F150 lightning electric trucks are now close to zero. Nicely equipped, they cost around $90,000-$100,000. And Ford loses $50,000 each time a customer buys one. See links below.

Holy Lithium! No wonder Ford has cancelled plans for BOTH an EV assembly line and a new battery factory. They could go broke if this keeps up. Ford stock is at about $10 a share currently. Down 40% this year. That’s not as bad as you’d expect for a company that loses $50,000 on each EV. The profits on gasoline powered F150’s must be saving the day. No wonder the Biden administration has pulled out all the stops to keep gas prices low. Our entire auto industry could tank otherwise. And then . . . and then . . . we’d all be driving Hyundai EVs. Which cost $50,000 each, earn Hyundai a profit, and are made in non-union factories south of the Mason Dixon line. Because they aren’t unionized, Hyundai EVs don’t get the same tax rebates you get with a $90,000 Ford F150 Lightning, which actually costs $140,000 to manufacture.

If you want a TRUE look at trending transportation in America, check out the EVs at your local supermarket, library, or gym. They are eBikes, and cost $1,000 to $1,500. You can charge it in an hour or so on household current. You can take it indoors if you live in an apartment. It only goes 28 mph, but what the heck? How fast do you need to go for groceries or a gym workout? Red alert! they’re apparently all made in China. The Biden administration hasn’t discovered this yet, otherwise someone would be plotting a 100% tax on Chinese bikes, like is going to happen on Chinese cars.

One of these eBikes is probably going to be my first EV. Even I wouldn’t ride it during one of Tampa’s frequent rainstorms. And because I can take it into my apartment, it won't burst into flames and burn at 1,000 degrees Fahrenheit during the next hurricane.

I’m just saying.

Ford's ballooning EV losses indicate legacy automakers still struggling to compete

how many evs did ford sell in 2024 - Search
Crazywaterspring · 61-69, M
I won't be driving an EV anytime soon in the US. They don't have the range to accomodate our spread out geography, even in cities.

The power grid here is shaky. Too many EVs charging at once? That's why the power is out. Electric utilities here are largely off the national grids. They are isolated from federal regulation. Those multi billion dollar publically traded companies won't do much without those sweet government handouts. (Socialism American style.)
wildbill83 · 41-45, M
bet those e-bikes will sell like hot cakes to people that drive 20+ miles to work, drop their kids off at school every morning, and haul groceries back home in the evening in the middle of winter... 🤔
SusanInFlorida · 31-35, F
@wildbill83 thats exactly how i see them being used. grocery getters. alternative to uber and doordash to get gameday food. at the library. at the gym.

they're sort of a "singles/good weather" transportation alternative
Pisciatto1 · 26-30, M
EVs lose money all the time. They are too costly and the batteries do not last
SusanInFlorida · 31-35, F
@Pisciatto1 i read a story yesterday about somebody who bought a telsa model S (the flagship) for $140,000 in 2022. He tried to trade in to Tesla for something newer. They valued it at $46,000. It lost 70% of its value in 2 years.
Pisciatto1 · 26-30, M
@SusanInFlorida incredibly true. EVs are heavily subsidized. Once the Trumpster takes office it will curtains for all of these EVs.
Zonuss · 41-45, M
Ford still has money.
This is nothing. 💰
SusanInFlorida · 31-35, F
@Zonuss if everything is okay, why did their stock drop 40%
Zonuss · 41-45, M
@SusanInFlorida Dear. You must understand. The wealthy do not worry about money. They know how to make it back. ☺💰

 
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