According to the latest information, Ford Motors is reportedly losing a whopping USD 100,000 per every electric vehicle. Bloomberg report confirmed that, the company has begun cutting orders from the battery suppliers. Bloomberg reported that the company "have slashed thousands in costs from their EVs to try to make them profitable, but they’ve also had to slash prices to remain competitive against market leader Tesla Inc.
Ford Small EVs 2026
Apart from the above, the company is also expected to increase the development of small EVs that will start at USD 25,000 and debut in late 2026. Ford recorded a USD 1.3 billion operating loss for its EV and software division in the first quarter.
