Category: Electric

Ford lowers EV targets for 2023, pointing to cost

Ford Mustang Mach-E at Port of Drammen, NorwayFord is lowering its 2023 EV production targets, pointing to vehicle prices as a reason for the slowdown. The automaker now expects to be building 600,000 EVs a year sometime in 2024, Ford CEO Jim Farley said Monday in a discussion of the automaker's quarterly earnings report. Ford has been saying since 2021 (when it doubled EV targets) that it...