Ford Loses $1.3 Billion on Electric Vehicles in First Quarter of 2024, Delays Plans to Make More
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Tesla charging stations now open to all electric vehicles in California
Tesla’s network of charging stations in California is now open to non-Tesla electric vehicles, Gov. Gavin Newsom highlighted in a Saturday post on social media. The governor said the move brings the total number of public charging stations in the state to more than 105,000. Newsom said that figure includes 10,000 fast-charging stations, which can add substantial power to an electric battery in just a few minutes. The expansion comes amid California’s attempt to shift drivers away from cars...
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Ford is losing boatloads of money on every electric vehicle sold
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
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Honda to build $11 billion electric vehicle hub in Canada
Honda and its joint venture partners plan to invest $11 billion in Ontario, Canada, to create a "comprehensive EV value chain," the automaker announced.