On Monday, The Federalist reported that Ford Motor Company is stopping work on a plant in Marshall, Michigan that was going to make batteries for electric cars.
The article reports:
Ford Motor Co. is halting work on a $3.5 billion plant in Marshall, Michigan, that would make batteries for electric vehicles.
The announcement came after the automaker in July projected its EV unit would lose $4.5 billion this year, about 50 percent more than initially expected, and that it was slowing its plans to increase EV production, according to Reuters.
The delay also comes as Ford is in the midst of talks with the striking United Auto Workers union. President Joe Biden plans to join a UAW picket line on Tuesday, a day ahead of a planned visit to the workers by former President Donald Trump.
It is becoming obvious that American consumers are not all that enthralled with electric vehicles. The high cost of the vehicles, the time consumed in charging the vehicles, issues regarding how far the vehicles will travel on a charge, the fire hazard of an electric vehicle, the cost of replacing the batter in an electric vehicle, and the increased insurance rates insurance companies are charging for electric vehicles are all unresolved issues in the minds of consumers. (Also, in my humble opinion, the electric Ford Mustang is a disgrace to its heritage! I realize that it can go really fast, but it doesn’t look good doing it!)