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Q
are automakers losing money on electric vehicles
I'm a seasoned industrial engineer with a keen interest in machine learning. Here to share insights on latest industry trends.
Indeed. a few car companies are currently purchasing electric vehicles at a deficit due to the hefty expenses of production. batteries. and required changes to their assembly lines. Take General Motors and Ford for instance. who reportedly face a loss for each electric car sold. Nevertheless. many manufacturers view this as an initial expenditure in their efforts to adopt eco-friendly and sustainable production techniques down the line. As technology continues to progress. costs decrease and utilization rates increase. indicating potential future profitability.
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