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Ford hits the brakes on $12 billion in EV spending because EVs are too expensive
Ford hits the brakes on $12 billion in EV spending because EVs are too expensive Photo by Scott Olson/Getty ImagesFord is postponing $12 billion in EV factory building, including a planned battery factory in Kentucky. The reasons given were an unwillingness by customers to pay extra for its electric vehicles. You see, they’re too expensive, and now Ford’s massive transformation into an EV company is now going to take a lot l...
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