The Ford F-150, the profitable cornerstone of the U.S. automaker’s business, now has an all-electric sibling. Ford unveiled Wednesday the F-150 Lightning, an all-electric pickup truck that is a critical piece of the company’s $22 billion investment into electrification.
Is Ford going all-electric by 2035?
General Motors has said it’s aiming to produce only EVs by 2035, with 30 new plug-in models arriving by 2025, marking a $27-billion investment. Ford, which previously committed $22 billion to EV development, just announced that 40% of its vehicles will be electrified by 2030.
How much will the Ford F-150 electric cost?
Ford says its new electric F-150 Lightning pickup will be profitable when it arrives at U.S. dealerships next year. Pricing for the vehicle will range from about $40,000 for a work truck to about $90,000 for a high-end model.
Is Ford a General Motor?
Ford Motor Company (NYSE: F) and Chevrolet, which is owned by General Motors Company (NYSE: GM), are the two largest automobile brands in the United States. … Ford’s largest brand is its namesake, Ford, while GM’s largest brand is Chevrolet.
Why is Ford stock so low?
Ford Motor earnings surprised to the upside again, reporting better than expected first-quarter profits. The result looks great, but the stock is down. The reason: The global semiconductor shortage is starting to hurt, causing Ford to reduced its full-year earnings guidance.
How much does it cost to charge an electric truck?
Electric Vehicle Charging Costs
While electricity costs vary greatly, the average cost of electricity in California is about 16.58¢ per kilowatt hour (kWh). At this price point, charging a 40–kWh battery with a 150–mile range would cost about 4.42¢ per mile (or about $6.63 to fully charge).