Ford CEO Says EVs Will Be More Expensive Than Their ICE Counterparts For Years: Report
Portfolio Pulse from Nabaparna Bhattacharya
Ford CEO Jim Farley reportedly said that electric vehicles (EVs) will continue to be more expensive than internal combustion engine (ICE) vehicles until at least 2025. Cost parity between EVs and ICE vehicles may be achieved after 2030, with savings coming from lower labor content and improved technologies.
May 31, 2023 | 5:24 pm
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Ford's CEO states that EVs will remain more expensive than ICE vehicles until 2025, with cost parity expected after 2030. This may impact Ford's EV sales and profitability in the short term.
Ford's CEO Jim Farley's statement indicates that the company's EVs will continue to be more expensive than their ICE counterparts for several years. This may lead to slower adoption of Ford's EVs and impact the company's sales and profitability in the short term. Additionally, the cost parity timeline may affect investor sentiment towards Ford's stock.
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