Thu, Nov 21, 2024

Ford loses $100,000 for every electric vehicle it sells

Ford loses $100,000 for every electric vehicle it sells

Ford's electric car wing continues to make losses. The company loses approximately 100 thousand dollars for each electric model it sells.

It is estimated that 2024 will be very difficult for electric cars. As a result of the decline in demand, many brands have withdrawn their 2030 targets.

Recently, we shared with you that one of these brands is Ford.

Ford's General Manager in Europe, Martin Sander, signaled that we may see Ford branded internal combustion vehicles after 2030.

However, it turned out that there were very important financial reasons behind Ford's decision.

Ford's electric car wing continues to make losses. According to a new report, the company loses approximately 100 thousand dollars for each electric model it sells.

Although Ford's electric car sales are increasing, they are not at the expected level. The company's sales of electric models in the first quarter were only 20 thousand 223 units.

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