JUST REVEALED! Ford & GM's EV's Sales CRASHED To ZERO!

EVS electric vehicles were supposed to be the cleaner, quieter future, a beacon of hope in a world fighting climate change. Ford and GM, seeing the writing on the wall, invested billions of dollars in developing their own lines of electric vehicles, the Mustang Mach and the Chevy Bolt, and the F-. 150 Lightning: They were supposed to be a game changer. Here is the latest news. Ford and GM are shocked because they can't sell EVS, so what's gone wrong is that EVS are either too expensive or their reputation as a fire hazard affects their af

ford

ability. Let's get into the facts and realities the American auto industry is experiencing a setback like no other before Ford and GM the two titans known for Detroit Muscle and Innovation are facing serious challenges their ambitious electric vehicle dreams are facing the harsh realities of the market that result in massive losses and a scramble for solutions Imagine losing an entire car's worth of money on each sale, these companies are enduring massive losses: Ford reports a staggering $36,000 loss for every electric vehicle they sell, while GM does not. is doing better with more than a thousand workers laid off in a few days, the reason is a serious mismatch between its electric dreams and market reality Ford's jump into the electric vehicle market, particularly with its iconic F-150 Lightning, was supposed that would mark a new era, has instead become a warning: the vehicle, despite its innovative potential, has run into a wall of consumer hesitation, losses are high with Ford's electric vehicle division Bleeding over $1.3 billion in

just

3 months, it's a huge figure that's setting off alarm bells across the board, so what's the deal?

Ford blames continued investment in electric vehicle technology and tough market dynamics, but there's a twist here that many North American customers aren't willing to bet on premium prices for these luxury electric vehicles Ford's F-150 Lightning, which Once popular as a game changer, now it's dead on arrival. CEO Jim Farley is urging everyone to see Ford as a startup amid these massive losses. Can you believe it? Switching gears to General Motors, its situation is no less dire: more than 1,000 workers laid off in one week, public safety concerns with its vehicles and electric vehicle losses are increasing. GM CEO Mary Bara is adamant about not lowering prices, focusing instead on luxury EVs, leaving out the average consumer in her ambitious roll-out plan. 400,000 electric vehicles have been significantly reduced by mid-2024.

What about your autonomous car project? Cruz stopped after a tragic accident. Why electric vehicles are stalling. There are a few reasons. Let's be realistic. Electric vehicles are expensive. We are talking about a price of tens of thousands of dollars. higher than comparable gasoline-powered models, for example, the average price of a new electric car in the US in 2024 is $65,100 compared to $42,500 for a new hybrid car, according to Statista, this difference Substantial cost increases make electric vehicles less accessible to a wide range of consumers, especially those on a budget. Conscientious Buyers Despite government incentives, the average consumer still struggles to

just

ify the initial cost, right? then there's range anxiety, the fear of running out of power before reaching a charging station, it's a real concern.

Current battery technology often falls short in terms of range in comparison. For gasoline-powered vehicles, a typical gasoline-powered car can travel a range of 400 to 500 miles, while many electric vehicles struggle to reach that distance on a single charge. This limited range, especially in early EV models, makes road trips or venturing outside the city limits a nerve-wracking task. Hybrids with storage experience are emerging as a surprise competitor that offers a combination of gasoline and electric power. Hybrids provide some environmental friendliness without the range anxiety or charging issue of pure EVs. A study conducted by JD Power in 2023

revealed

that at 88.3% of new car

sales

in the United States, hybrids significantly surpassed the 6.9% market share captured by EVS, isn't that more than just frightening?

Ford and GM's journeys toward electrification highlight a broader industry dilemma: The push toward a greener electric future comes with high costs not just in dollars but in disrupting traditional auto manufacturing and

sales

models. The transition is underway. proving tougher than expected consumers are not fully embracing electric cars while facing innovation and profitability challenges what is really shocking is the path back to hybrids almost half of electric vehicle buyers are trading their electric dreams for hybrid realities Sales of hybrids in the US, according to Reuters, have increased as consumers resist high prices for electric vehicles and challenges with charging infrastructure.

Looking at the US and Canada, the main story right now is the possible comeback of the plug-in hybrids that GM announced. The famous Mach e and F-150 Lightning are collecting Dustin's showrooms and sales are going down every day. Ambitious Ford Target production now seems like a distant dream with losses expected on the rise, but this is where you come from. What do you think about this electric vehicle scenario? Are you an electric vehicle team? or leaning more towards the traditional, leave your thoughts in the comments below and let's start a conversation, but wait, here's something more shocking.

Ford and GM's situation isn't just about unsold cars, it's a sign of broader challenges in the EV market, including EV pioneer Tesla. is reducing prices to clear inventory. This industry-wide slowdown isn't just a bad interval, it's a wake-up call. States with the highest EV adoption are now experiencing the slowest growth. This underscores a critical disconnect between what automakers produce and what consumers are willing to buy. Ford's dilemma. Its 200,000 lightning reservations, 70% of which remain unfulfilled, underscore a potential future in which customer interest has changed and each company's latest sales figures paint a dark picture. The question remains: Will Ford and GM adapt in time or are they accelerating toward an inevitable accident beyond the boardroom and balance sheet?

There is a human element to this crisis. The layoffs at GM and Ford are not just numbers, they are people who Face an uncertain future in an industry at a crossroads Restructuring plants for electrical production is a silver lining, but for many workers the transition offers little comfort as they navigate the Here and Now dealers on the front lines of auto sales are Feeling the pressure to supply them with EVS, which, despite the commotion, are moving slower than expected, some dealers report that they have rejected orders from manufacturers, an unprecedented scenario that highlights the disconnection between production and market demand.

Ford's ambitious production goals, along with the requirement that dealers invest heavily to sell electric vehicles, adds another layer of complexity. The mismatch between what consumers want, a reliable electric vehicle at a reasonable price, and what is offered, is evident. Ford's electric vehicle business continues to lose money around $1.3 billion in adjusted earnings in the fourth quarter so far this year. Ford has lost $3.1 billion on its EV spending and has said it will lose a total of $4 billion over the year, right? Huge, but it looks like they've got it here, the last of them. Ford is postponing $12 billion in construction of an electric vehicle factory, including a planned battery factory in Kentucky.

The car company says it won't back down on its NextGen electric vehicles, but it's positive that some big factory projects are getting underway. including a plant in Kentucky, can EVS recover or will hybrids still be powerful? What is your opinion on this electrical saga? Should we focus on hybrids or can EVS win over the masses? I can't wait to hear from you in the comments below, the story of the electric car is far from hitting the like button too hard and subscribe for more groundbreaking information on electric vehicles, the journey is just beginning and you won't want to miss what's coming next. continued until next time.