Ford Loses $1.3 Billion on Electric Vehicles in First Quarter of 2024, Delays Plans to Make More
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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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Ford just reported a massive loss on every electric vehicle it sold
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...
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Camp Pendleton extends electric vehicle charger service to privately owned vehicles
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.