By: Sterling Mosley | Ford's recent foray into electric vehicles, largely spurred by the Biden administration's efforts to encourage car manufacturers to embrace the new technology, has prompted significant losses for the American-made manufacturer as consumer demand for the pricey vehicles falls off. According to Ford's first-quarter earnings, the company's EV unit revealed on Thursday that it lost $132,000 per vehicle for every vehicle it sold in the first three months of 2024.
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