Farly said EVs will continue to be more expensive than their ICE counterparts until after the third generation.
Speaking at an investor conference, Farley said EVs will continue to be more expensive than their ICE counterparts until the second and third generation vehicles go into production after 2025.
He also predicted lower distribution costs from selling EVs online, as well as higher revenue from new software-driven digital services. That includes 200,000 retail customers paying for the company's Blue Cruise driver assistance system and 400,000 Ford Pro commercial customers paying for a range of services including fleet management, EV charging, dynamic routing and more.
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