As Andrew Hawkins pointed out in The Verge this week, “Ford seems to realize its timing is unfortunate.” During the announcement, executives emphasized that this was a bet, one that might not work out. CEO Jim Farley put it bluntly: “The automotive industry has a graveyard littered with affordable vehicles that were launched in our country with all good intentions, and they fizzled out with idle plants, laid-off workers, and red ink.” Woof. From where I’m standing, it’s hard to be optimistic that this announcement will turn out differently from all those failed ones, given where the US EV market…
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