Ford is not the only automaker enduring huge losses on its investment in electric vehicles. Apparently, Tesla is the only EV maker that currently sells its product at a profit, and just barely so.
EVs are inherently expensive today because the technology is still developmental. Some people hope that EV prices will fall as industry standards, economies of scale, better technology and alternative supply chains all evolve. Others note that the raw materials production, infrastructure construction and maintenance and product disposal requirements to support widespread use will make EVs uneconomical for the foreseeable future.
I’m in the latter camp. History shows that there is a solid, if small, market for uneconomical vehicles, and that wherever a market exists innovation will operate. Instead of using government to force EVs into the mainstream, we should just wait.