Bhargav Maddula
Joined June 2024
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Why China is winning the EV war
Ford Motors reduced manufacture of their popular electric pickup vehicle, the F-150 Lightning, in 2024. The Lightning's sales have completely collapsed, partly due to its higher price compared to its gas-powered equivalent. This issue affects more than just Ford. While EV adoption is essential for achieving our climate targets, most US customers find electric cars difficult to convince, with the average cost of a new EV in the US being approximately $55,000. Batteries account for about 40% of the total cost of manufacturing an electric vehicle.
By Bhargav Maddula6 days ago in Education