Tesla (TSLA) & Ford (F) announce expanded Supercharging partnership
Ford EV drivers will gain access to over 12,000 Tesla Superchargers in North America.
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Ford EV drivers will gain access to over 12,000 Tesla Superchargers in North America.
Ford's EV division is expected to continue losing money throughout the year.
Ford is looking to match the increased demand for its EVs by expanding the production of vehicles like the F-150 Lightning.
Ford's EV losses were offset by profits in its other businesses.
One of the reasons cited for giving self-driving the ability to drive away on their own is when companies like Ford need to repossess a vehicle.
Ford has not yet determined when production and shipments on the electric F-150 will resume.
The U.S. Treasury is expanding definitions of vehicles like "SUV" to make more EVs from companies like Tesla and GM eligible for tax credits.
Ford aims to have an annual run rate of 2 million by the end of 2026.
After Tesla announced plans to lower prices of its electric vehicles, Ford has since followed suit with plans to reduce the cost of its Mustang Mach-E.
These are the vehicle models eligible for the IRS' clean vehicle EV tax credit.