The cost to make electric vehicles may not drop to the level for gas-powered cars until after 2030 when the process becomes simpler and less labor-intensive, Ford Motor Co Chief Executive Jim Farley said on Wednesday. At an investor conference, Farley said that, for many automakers, EVs will remain more costly than their internal combustion […]
Ford CEO: No plan to spin off EV business, but change coming – EQ Mag Pro
Farley said the automaker can’t just pivot from internal combustion engines to battery powered vehicles. The CEO of Ford Motor says the automaker has no plans to spin off its electric vehicle or internal combustion businesses but is reinventing itself by removing costs and ramping up for large-scale EV and software sales. Ford CEO Jim […]
