Ford Motor Co. says it has secured enough battery supply to build more than half a million electric vehicles annually by late next year, a quantum leap above the 27,140 battery-powered cars it sold in the US last year.
Ford Motor Co. says it has secured enough battery supply to build more than half a million electric vehicles annually by late next year, a quantum lea.
Automotive companies including Volkswagen Group, Ford, Mercedes and even Tesla are struggling to meet customer demand. If drivers and commercial fleets want more EVs, why not produce fewer gasoline vehicles and prioritize EVs?
As gas prices spike, consumers are expressing greater interest in hybrid and electric vehicles (EVs). And automakers’ advertising budgets are off the charts. But economic conditions including ongoing supply chain delays, semiconductor shortages and the ‘unprecedented’ inflation of nickel costs associated with Russia’s new commodities export ban stand to hurt EV adoption rates everywhere.