It expects to lose even more, $5.5 billion, on EVs in 2025.
Automakers have to reckon with basic economies of scale.
Losses are pretty much guaranteed for years.
Ford expects to continue losing a lot of money on EVs in 2025.Joe Raedle/Getty
During President Trumps first administration, for instance, GM supported his plan to eliminate Californias heightened emissions standards.
It is the wholeInnovators Dilemmaissue.
Whatever you want to say about Tesla CEO Elon Musk, he did help force this transition.
The automakers CEO Mary Barra has said its EV business will turn profitable this year.
Charging remains an issue but continues to improve.
It canceled a three-row electric SUV and its F-150 Lightning has become a bit old in the tooth.
Sales of the pickup fell 15.5% to just 1,907 last month, compared to 2,258 in January 2024.
That is something Volkswagens subsidiary Scout isdoing in the U.S.after earlier committing to making pickups that were entirely electric.
Musk has been supportive of President Trumps plans to end EV incentives.
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Three passengers were killed after a Xiaomi SU7 operating in driver assistance mode hit a concrete barrier.
