Ford CEO Gets SHOCKED as “EV Meltdown” Explodes on Google Trends!
Until recently everyone thought that the inevitable process of electrification was going according to plan along with the latest Trend but it looks like EV Skeptics were right with their claims that this was going to be an uphill ride growth has been notably slower in the last few years and with the inability to
Make the production of EVS more efficient most companies are forced to slow down with their investments in EVS the blue oval company is no exception so we decided to present you with six reasons why Ford CEO is shocked as the Eevee meltdown explodes Google Trends number six Ford is losing money on EVS
Not so long ago we were pretty sure that Ford had entered the EV race right on time and that it would establish itself as a competitive player soon enough a couple of all electric vehicles have been introduced but none of them have become a mass seller yet and it looks
Like that’s not going to happen in the near future apparently Ford is still struggling to make EV production more efficient on average it lost around $32,000 on every Eevee sold in the second quarter of this year and that was one of the main reasons for Jim Farley’s
Decision to slow down investments in EV technology in a recent interview for CNBC Emanuel Roser from deuts bank said what concerns us is most automakers haven’t cracked the economics to make an EV affordable and as a result we don’t really see a pass in the near term for
This to happen it could take several years until such models come out and this is going to continue to put tremendous pressure on both their earnings and probably on stock prices instead of investing in money losing electric vehicles big part of the capital is going to be redirected to the
Development of new models that are still using internal combustion engines more precisely it looks like Ford is now putting more focus on hybrid vehicles as an obvious indicator of the electrification slowing we haven’t heard much from Ford officials about EV Targets in the last couple of months but
On the other hand Farley announced that the goal is to quadruple sales of hybrid cars in the next 5 years I’ll say it again Ford plans to quadruple sales of gas electric hybrids in the next 5 years as it struggles to reduce R the cost of its money losing first generation
Battery electric vehicles executive said also it’s worth mentioning that the company raised its annual pre-tax profit expectation by 50% according to Wells Fargo analyst Colin Langan this implies a notable step down in the second half earnings to an implied $4.3 billion compared to $7.2 billion in the first
Half number five Ford isn’t the only company that is slowing down Ford recently cut one of three shifts at the plants that build the all electric F-150 and considering that this model was and probably still is one of the biggest prospects for the future this move seems
Quite indicative but Ford is not alone in this General Motors has also decided to slow down with all electric versions of the Silverado and Sierra pointing out that they still need time to make the production process more efficient what’s even more indicative is that even Tesla’s CEO Elon Musk is worried about
The current trend of higher borrowing costs according to musk that’s one of the main reasons for the EV Market slowing down he’s stated that people hesitate to buy a new car if there’s uncertainty in the economy as well as that he doesn’t want to be going into top speed into uncertainty referring to
The ongoing paycheck to paycheck pressure on American workers so to fight the lack of demand Tesla was the first and most aggressive in slashing prices others followed suit eeve startups like lucid and rivan were also both lower on Thursday losing more than 3% each Tom nian Global Autos Analyst at RBC Capital
Markets said it does highlight that there could be a slow down in EVS in the near term but it has more to do with pricing and affordability than a rejection of EVS number four early adopter phase is over like many other technical Novelties throughout history the eveve industry also recorded a
Massive early boom thanks to early adopters High income households zero emissions Fighters and techn files in general they all switched to electric cars for their own reasons they all wanted to get this technical novelty called an all electric vehicle and from the manufacturer’s perspective the only
Problem is that this is quite a small demographic group most car buyers are conservative and therefore quite skeptical about electric cars While others simply cannot afford an EV in the same interview for CNBC former Ford CEO Mark field said the bottom line in EV demand is cooling as the early adopter
Phase kind of wains off and now when it looks like this stage is over it becomes quite obvious that car makers governments and all those who advocate for electric cars were not able to convince a common car buyer that this should be his next move common buyers
Are still not convinced about the EV future and the reasons are numerous starting from the prices of EVS infrastructure EV performance and many other things which we will get into in a moment number three range anxiety the moment EVS went into mass production a new phobia was established called range
Anxiety and despite the significant advances in Battery Technology we’ve seen the last few years car makers are still unable to overcome this problem simply said electric cars still can’t keep up with conventional IC vehicles in terms of autonomy most cars feature batteries that can provide more than 250
To 300 M on a single charge and while that’s great for riding around town it definitely isn’t enough for long tours but even these numbers can’t be taken for granted because this short experience with electric vehicles has taught us that batteries are heavily influenced by outside factors first of
All there’s the weather as it turns out that battery performance dropped significantly at low temperatures moreover even an ideal weather conditions most electric cars are not able to meet Factory claimed range on average the real life range is about 20% shorter but it can drop up to 40% in
Some cases finally there’s the thing that bothers a typical American driver the most the actual range under heavy exploitation let’s take the all electric F-150 Lightning as an example in the recent test conducted by AAA it turned out that the max range dropped by 25% during the hauling test instead of 278
Mi which was the best result without an empty bed the loaded F-150 Lightning was able to do only 210 Mi and the bed wasn’t even fully loaded but rather with, 1400 lb of sandbags we can only imagine real life autonomy in the case of towing a trailer or during off-roading number two infrastructure
Anxiety markfield said it used to be called range anxiety I actually think it’s charging anxiety at this point because of the lack of charging infrastructure we couldn’t agree more the infrastructure is far from good it’s especially if you don’t drive a Tesla and can use all those supercharging
Stations if you own a Ford Chevy or any other electric car you’re condemned to public Chargers and believe us the network is far from perfect in practice this means that when planning a long journey EV drivers need to do detailed preparations and plan occasional charging stops and it’s not just about
Finding a charging station it’s also about being ready to spend 30 minutes or more on every recharge considering that public Chargers don’t always have the best charging rate all these practical things are actually the main reason for skepticism on electric cars and we didn’t even mention the fact that most
Americans live in apartments so they can forget about overnight charging with household Chargers in their garage number one prices eventually it all comes down to the cost of ownership electric cars are cheaper to maintain at least on paper but the initial cost is simply way too high for an average buyer
An average electric vehicle is still way more expensive than comparable IC cars and that’s the main thing that keeps the middle class away from batteries they’re simply not ready for such a radical move that could potentially completely change the whole concept of car ownership moreover it looks like companies were
Aiming at wealthy early adopters with their early EV model so it’s actually hard to find many mainstream EVS most of them are luxurious with exceptional performance usually with six-digit price tags that’s not what the masses are looking for what’s even more symptomatic is that as we’ve mentioned earlier in
The video even such expensive electric cars are not profitable pretty much every car car company is still losing money on EVs and until they sort out the production efficiency issues there’s no way EV expansion can continue at this pace once again we can refer to the
Words of Mark Fields the EV Market is acting like an auto industry of old with price Cuts Rising inventory increased incentives to juice Market demands car makers take a pretty rational approach that says we were ahead of the curve here in terms of consumer acceptance so we’re going to push back investments
From what we stood 6 months ago it’s going to be a much more challenging time for everyone in involved in the EV market right now the transition is going to take longer than anyone expected thanks for watching and see you next time
Ford CEO Gets SHOCKED as “EV Meltdown” Explodes on Google Trends!
Ford is facing a significant EV crisis, and Ford CEO Jim Farley is deeply concerned about the situation with EVs. Renowned automotive analysts are predicting an EV meltdown. In response, Jim Farley has decided to temporarily slow down EV production. But what prompted Ford CEO to take such a drastic step? We won’t reveal all the details just yet. You’ll have to watch the video to uncover the surprising reasons behind Ford President decision to put EVs on hold. So, are you ready to delve into this unexpected turn of events in the auto industry? In this video, we examine 6 surprising reasons why Ford Ceo is making this decision.
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