Ford EVs: CEO Says Company Must Stay Committed
News Context
At a glance
- * Ford's CEO believes embracing electric vehicles (EVs) is crucial for the company's success.
Here’s a breakdown of the key details from the text:
* Ford’s CEO believes embracing electric vehicles (EVs) is crucial for the company’s success. He states they “can’t walk away from EVs.”
* this is not just a US market issue, but a global one. The CEO emphasizes the need for EVs to compete on a global scale.
* Ford is concerned about competition from China. He specifically states he doesn’t want to “cede that to the Chinese” – meaning he doesn’t want China to dominate the EV market.