Automakers Delay Electric Vehicle Spending Money. Buyers remain interested in electric vehicles, surveys show, but struggle to afford them. Ford announced yesterday that it’s postponing $12 billion in spending on ev manufacturing expansions, including a new battery plant—the second one the.
Every time lucid group inc or rivian automotive inc sells an electric car, they are losing hundreds of thousands of dollars due to staggering raw material and. Automakers say they can’t meet.