You read that right.
$4.5 BILLION.
That's how much Ford is going to lose on its electric vehicles in the Year Of Our Lord 2023.
Climate Marxism isn't a good business model, eh?
Who could have guessed??
Ford Motor Company announced it is projected to lose a whopping $4.5 billion from electric vehicles (EVs) this year, up from the previous projected loss of $3 billion.
More on that here:
Back to Fox:
The company released its second-quarter financial results on Thursday. The U.S.-based automaker's EV division, called "Ford Model e," has lost $1.8 billion so far this year, according to Fortune.
The projected $4.5 billion loss is over twice as much as Model e's $2.1 billion loss in 2022. The company recently announced that the price of its electric F-150 Lightning pickup trucks will be reduced due to cheaper raw battery materials.
Good thing Ford has the gay raptor to back them up!
It's so bad that the CEO is talking about the ongoing significant limitations of EVs for the average driver:
Ford CEO Jim Farley said he faced a "reality check" while attempting to charge his electric truck during a road trip across the American West, an admission that comes as President Joe Biden spends billions to spur electric vehicle adoption. …
"Charging has been pretty challenging," Farley said, adding that at one stop it took him 40 minutes to charge his truck's battery to just 40 percent. "It was a really good reality check — the challenges of what our customers go through."
Imagine if ol' Henry Ford had been pushed by the government to roll out his horseless carriages years, maybe decades, before the tech or fuel infrastructure was out there - especially if it was being pushed for some harebrained agenda.
Do you think Henry would have stayed in business?
The people who are making these cars could do much worse than to actually drive them at length. If nothing else it will give them a sober analysis of just how much is left to do before these vehicles can actually go mainstream.
In the meantime, let the people drive what they want instead of shoving your gay and green cars down our throats, thanks.
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