The Challenges of Transitioning to Electric Cars in the US

Ford CEO Jim Farley expressed concerns about consumer "charging anxiety" regarding electric vehicles (EVs), stating that consumers are more worried about charging infrastructure than range limitations. He also noted that consumers are not willing to pay a premium for EVs despite increased offerings in the market. Ford's EV division, "Ford Model e," is projected to lose $4.5 billion this year. However, Farley emphasized that Ford will continue to offer a choice to customers and highlighted the success of the F-150 Lightning, the best-selling electric pickup in the US. Ford aims to produce 600,000 EVs per year by 2024.