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Ford CEO Farley Again Promises Profitable, Affordable EVs for the Masses

The Truth About Cars

Speaking with Yahoo Finance , Farley said his company aims to develop affordable EVs that compete with the rising tide of Chinese models. Saying that China’s investments in EVs have “paid off so far,” Farley noted that Ford is on track for its next-generation electric models to be profitable and affordable.

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ACEA map: Affordability of electric cars, correlation between market uptake and GDP in the EU

Green Car Congress

The European Association of Automobile Manufacturers (ACEA) has published an interactive map that illustrates the correlation between the market uptake of electrically-chargeable vehicles (ECVs) and GDP per capita for each of the 27 EU member states and the United Kingdom. Across the EU, 3.0% and Italy 0.9%).

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GM and Honda expanding partnership to codevelop series of affordable EVs in most popular vehicle segments; on sale in 2027

Green Car Congress

General Motors and Honda plan to expand the two companies’ relationship by codeveloping a series of affordable electric vehicles based on a new global architecture using next-generation Ultium battery technology. The compact crossover segment is the largest in the world, with annual volumes of more than 13 million vehicles.

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US Tire Manufacturers Association to produce standardized tire tread particles for researchers

Green Car Congress

The US Tire Manufacturers Association (USTMA) will produce cryogenically milled tire tread (CMTT) and provide samples to researchers to advance scientific study on tire and road wear particles (TRWP). Earlier post.) Earlier post.)

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PSA and Total create JV for manufacture of EV batteries in Europe; €5B investment

Green Car Congress

With this partnership, the parties are setting up a world-class player in the development and manufacture of high-performance batteries for the automotive industry from 2023. Position ACC as a major competitive player in supplying electric vehicle manufacturers. Ghislain Lescuyer has been appointed Chairman of the Board.

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Report: Ford's EV Skunkworks Team to Create Three Affordable Electric Models

The Truth About Cars

A few weeks ago, Ford announced that it had created an internal skunkworks team to focus on affordable EVs and a new platform to underpin them. Despite its losses, Ford is still pushing to earn the number one EV sales spot, which Tesla currently holds. All automakers in the U.S. Mexico-Canada free trade agreement.

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BYD sets new NEV sales record as it sets eyes on Canada

Teslarati

Chinese automaker BYD set another record in new energy vehicle (NEV) sales in July 2024. BYD’s global NEV sales will likely increase even further as it sets eyes on Canada. The Chinese automaker beat its June 2024 NEV sales when it sold 341,658. BYD’s battery electric vehicle (BEV) sales fell by 10% compared to June.

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