Ford's Work Truck Business Is Defying a Broader Slump in EV Sales [BNN Bloomberg (Canada)]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: BNN Bloomberg
Russo show little concern about high prices or range anxiety or spotty charging infrastructure. The co-founder of Elite Home Care, a South Carolina-based company, bought his first EV more than two years ago — a Ford E-Transit van that his business uses every day to transport senior citizens. Since then, he has added dozens more battery-powered models, electrifying nearly his entire 100-vehicle fleet. Russo figures he saves $6,500 a year on each EV compared with similar-sized gas-powered vehicles because of lower fuel and maintenance costs. And with 100 chargers at his company's vehicle depot, the fleet can operate with clockwork-like efficiency. “Our drivers go out, do the job, come back to our site, charge it overnight, come back the next day and do it again,” he said. “It's just like charging a phone.” Demand from fleet-based vehicle operators is a lone bright spot for the EV industry as global sales sputter. While retail buyers balk at high sticker prices and worry about wher
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