Ford CEO Says EV Price Premiums Vs Combustion Vehicles Fell More Than $3,000 In Q2
Portfolio Pulse from Benzinga Newsdesk
Ford CEO has announced that the price premiums for electric vehicles (EVs) compared to combustion vehicles have dropped by more than $3,000 in Q2. This indicates a significant reduction in the cost gap between EVs and traditional vehicles.
July 27, 2023 | 9:10 pm
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POSITIVE IMPACT
Ford's announcement of a significant reduction in EV price premiums could potentially boost the company's EV sales, positively impacting its stock price.
The reduction in EV price premiums makes Ford's electric vehicles more affordable compared to traditional combustion vehicles. This could lead to an increase in sales of Ford's EVs, which would positively impact the company's revenues and potentially its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100