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August 2, 2023

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Ford lowers EV targets for 2023, points to cost

Ford Mustang Mach-E at Port of Drammen, Norway Ford is lowering its 2023 EV production targets, pointing to vehicle prices as a reason for the slowdown. The automaker now expects to be building 600,000 EVs a year sometime in 2024, Ford CEO Jim Farley said Monday in a discussion of the automaker’s quarterly earnings report. Ford has been saying since 2021 (when it doubled EV targets) that it…
Author:news@greencarreports.com (Stephen Edelstein)

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