Ford is retreating from EVs — but embracing grid batteries
via canarymedia.com
Short excerpt below. Read at the original source.
Ford, a century after it launched the modern automotive era, has given up on its early ambitions to charge into the electrified future. The company announced that it will delete nearly $20 billion in book value to extricate itself from its EV investments, an eye-popping loss that amounts to one of the biggest corporate impairments ever. The company, of course, […]