The Ford Electric F-150 is about to spin down, as Tesla Cybertrucks are starting up. The reports are that Ford has been struggling to find long-term interest, even as they had a price reduction. The expected production in 2024 will be about 1600 per week. The report is that they have sold 20,000 so far this year, and the new numbers will be about 83,000 per year, but that’s little more than 10% of their F series sales. It’s also reported that they will have a loss of $4.5 Billion this year, and $32,000 for each EV it sold during the second quarter. They called it “changing market demand”, but I call it as yet another proof that most people aren’t ready to play in the electric vehicle marketplace.

Ford initially planned to increase production of the all-electric F-150 Lightning to 3,200 per week but has decided to cut this projection in half to 1,600 per week starting in 2024. The production cuts are attributed to changing market demand, as Ford aims to align production with customer needs. This decision follows Ford’s struggles to […] The post Ford To Slash Planned Production Of Its All-Electric F-150 In Half Citing ‘Changing Market…

Found at www.msn.com