Reported 4 months ago
Ford CEO Jim Farley discussed the automaker's goal of offering more affordable EVs in an interview with Yahoo Finance, aiming for a price range of $30,000 to $40,000 with incentives. Analyst Tom Narayan commented on the need for battery prices to decrease for mass adoption and addressed consumer concerns about EV range and charging infrastructure in the U.S. The industry is expected to follow suit with more affordable electric vehicles once pricing becomes competitive, potentially leading to increased adoption rates by 2025.
Source: YAHOO