Ford Reports $132,000 Loss On Every Electric Vehicle It Sold – Will Lose 5 BILLION $ on EVs in 2024

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Ford’s electric vehicle unit reported a $1.3 billion loss, amounting to a $132,000 loss per electric vehicle sold during the first three months of the year

The company saw a 20% decrease in sales volume and, because of low demand for electric vehicles across the industry, was forced to slash the prices of its electric vehicle offerings.

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Ford said that it expects its electric vehicle division to lose $5 billion this year, an increase of $300 million from the $4.7 billion loss that it suffered last year.

“Americans don’t want EVs at levels Biden’s climate hysteria require,” businessman Andrew Puzder posted on X. “Ford’s EV Q1 losses soared to $1.3 billion — a ridiculous $132,000 per EV sold. All Ford’s profits came from combustion engine vehicle sales. Collectivist policies destroy prosperity.”

https://www.dailywire.com/news/ford-reports-staggering-loss-on-every-electric-vehicle-it-sold


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