AppleMagazine

FORD CEO SEES ELECTRIC VEHICLE PRICE WAR AS EV COSTS DECLINE

Ford’s chief executive says he expects the cost of building electric vehicles to fall to the point that in coming years automakers will be battling each other for sales of EVs priced around $25,000.

CEO Jim Farley told the Bernstein Strategic Decisions Conference on Wednesday that the $25,000 price tag will democratize EVs. Materials to build that vehicle will cost around $18,000, he said.

“So I believe there will be our industry is definitely heading to a huge

You’re reading a preview, subscribe to read more.

More from AppleMagazine

AppleMagazine1 min read
Top 10 TV Shows
GIFTS & RECEIPTS THE REAL HOUSEWIVES OF NEW JERSEY MILK DUDS, A RING, AND A BABY TEEN MOM: THE NEXT CHAPTER REUNION, PT. 2 SUMMER HOUSE THE HEIRS OF THE DRAGON HOUSE OF THE DRAGON MOST ELIGIBLE SUPERMAN MY ADVENTURES WITH SU
AppleMagazine4 min read
NVIDIA’S STOCK MARKET VALUE TOPPED $3.3 TRILLION. HOW IT BECAME NO. 1 IN THE S&P 500, BY THE NUMBERS
Nvidia’s startling ascent in the stock market reached another milestone this week as the chipmaker rose to become the most valuable company in the S&P 500. Investors now say the company is worth over $3.3 trillion. Over the past three years, Nvidia h
AppleMagazine6 min read
AI Awake WWDC 2024: APPLE INTELLIGENCE REVEALED, COVERING THE ENTIRE ECOSYSTEM
It may have taken longer than many people had wanted, but Apple has finally launched Apple Intelligence, a groundbreaking personal intelligence system designed to revolutionize how users interact with their iPhone, iPad, and Mac. Deep AI integrations

Related Books & Audiobooks