Shift to EV cars is not a 'monolith,' says Ford CEO
ฝัง
- เผยแพร่เมื่อ 11 ก.ค. 2024
- Ford CEO Jim Farley joined 'Barron's Roundtable' to discuss the debate on electric vs. gas cars, the auto company's growth and approach to the auto industry, and reacts to Warren Buffett's comments on investing in the industry. #foxbusiness
Subscribe to Fox Business! bit.ly/2D9Cdse
Watch more Fox Business Video: video.foxbusiness.com
Watch Fox Business Network Live: www.foxnewsgo.com/
FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York - the business capital of the world - FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
Follow Fox Business on Facebook: / foxbusiness
Follow Fox Business on Twitter: / foxbusiness
Follow Fox Business on Instagram: / foxbusiness
No EV for me! I'm sticking with gasoline!
Drill baby drill!
I enjoy making people like you disappear in my rearview mirror while flogging their overheating engines as they starve for air going up Mauna Kea. Owning an EV was the best move I ever made, and I'll never go back. Remember me while you're pumping your paycheck into your car here laughing at you under my solar panels and fully charged tesla.
Amen. You think it takes a long time to charge at 120 v... what about solar? Christmas!
Tesla model Y will be the most sold carmodel on planet Earth in year 2023 and year 2024 😊
Do americans think that electricity is just coming from two holes in the wall??
EV's are for the rich, not the middle-income people and below. Good luck charging an EV when you live in communal housing!
OUR town would have to be redone.Nearly all I town homes are street parking.On ball game night or any event at highschool people park all over town..People don't dare leave on Friday night or someone parks in your space...how would that work?
You mean communist housing
Got a model 3 with tax rebate. Cost 35k. That's below most new cars sales. So are you talking about a particular EV you want or just any EV?
i rather get a horse than EV
Very True...plus it will mow & fertilize your lawn.
Tesla model Y will be the most sold carmodel on planet Earth in year 2023 and year 2024
Hey ford i will never own your electric car or trucks . Tell Biden to stick it .if or when we get another president what will you do with all these electric cars
You are targeting one company out of many. Tesla is the leading EV. There are many companies that are producing EV beside Ford. The next president will not ban Tesla or any other EV companies!!
@Sam' Mas I was targeting ford because the ceo of ford was the one talking but yet I should have said I will never own an electric vehicle. For one don't have the money to and for 2 I just don't want one. I have enough cars if one breaks down go to the other one
Too late to steered the ship away from the iceberg,all of the major OEM are going to manufacture EV'S because if not,they will out of bussines like Kodak.
Millionaires betting on the public making them millions on electric vehicles
Biden will get a big kick back from the Chinese
In my city I've yet to see anyone other than rich old grannies driving an EV.
@@DG-sf9ei that’s funny cuz I see many younger ppl in EV’s
Not betting on, more like trying to force the public to make them millionaires. John Kerry and his wife (Teresa Heinz) have millions in stocks in Chinese energy companies. E V batteries? It used to be on Wikipedia, but they hid the proof.
This is a nightmare! I wonder how this nightmare of electric Vehicles is going to affect the RV industry for people who live that lifestyle?
Yes those wonderful electric pickup trucks won't pull a 5000 pound trailer 100 miles without having to be charged.
It's the very definition of stupidity. How in the hell is someone going to tow a horse trailer or camper up to the mountains and back?
@@paulorr9262 In brandon's world you shouldn't be leaving your basement.
@@paulorr9262 solar pannels
Yes, Farley acknowledged this as well!
Hope Ford brings quality and reliability to the customers 🙏 . This company needs Zen in their workmanship!!😊
I guess the 10% of people that need to pull trailer Horses won't be switching to Electric pick up Trucks.
The auto makers are jumping the gun on this and EV's haven't been in use enough to say they will be less expensive to maintain.
??? I'm surrounded by clowns and freaks.. range extenders
I've never yet heard of an EV reaching 100k miles without at least one battery pack replacement for 20 grand, yeah cheaper to maintain, LMFAO 🤣🤣🤣🤣. Meanwhile my 2002 gasoline truck has topped 300 thousand miles without an overhaul or engine replacement. Aside from a grocery getter a few miles across town, EV''s are and always will be a complete joke, and ev customer's uncle brandon is laughing the hardest at them.
The cost of electricity is the hidden cost. I don’t understand why more people haven’t really discussed this. Especially since electricity costs vary from area to area. Although maintenance might be easier, I have a Toyota Camry and I’ve really never had any maintenance in the last three years since owning it. My cost effectively is zero. But plugging in the battery every day, and leaving it charging only cost me more money.
I have solar now; but in Hawaii we have ridiculous rates (37 cent per kw/hr ) and even then it's much cheaper to operate., by far. Carbon based fuels create mostly heat, which an ice car has to waste copious amounts of energy to get rid of.
@@babyUFO. Solar panels create heat as well. I remember the ecological disaster in California where there were massive amounts of panels as you drive towards Vegas. Not only did they change the topography, but birds and other animals fried as they were either living there or approaching towards it.
Wayback in the day, they used to call it, global warming. Now they call it climate change. Instead of it being called a One Direction approach, it’s now a by directional approach. I guess they win no matter which direction it goes. But for tens of thousands of years, the climate has always changed. It’s an uncontrollable thing. Too bad the rest of the world, with countries like China and India, really don’t agree with getting on board with anything efficient. I doubt they ever will; at least not in our lifetime. And they have many more times the population that we ever will have. Bottom line, we really don’t create a significant impact in our environment as we are led to believe. And there’s really no comparison with a befores and afters with continual monitoring of progress of any change that is occurring that is measurable based on us signing up paying more money on electric cars
Agree.We have a 2010 camray...It has almost 300,000 miles on it.The only think we have done on it is brakes and battery...
Love my 2019 hybrid camry! I do all my own maintenance and have over 92,000 on it. I've upgraded things that typical people wouldn't change to improve it but otherwise it would have been just fine stock. Example would be changing the brake pads at 10k with ceramic pads. It keeps the wheels cleaner. High capacity lithium 12v battery (60AH) to use the car as a portable generator. Installed a 2k watt inverter in the trunk. Full electric cars just offset emissions. Where does that power for that electric car come from? I bet its a coal fired power plant. If you've already got solar installed on your house then you've got the setup for it!
@Jesse S yep,we will drive our Toyota till.the wheels fall off.Its looking pretty bad from a hail event when it was new.The repair job was not good.We fint care.Its a great 2nd or 3rd vehicle.We also kept our 05 Chevy..
Current EV's are losers. Too short a range, too long to charge, grossly overpriced.
Tesla model Y will be the most sold carmodel on planet Earth in year 2023, and year 2024 😎
NEVER EV !!!
Tesla model Y will be the most sold carmodel on planet Earth in year 2023 and year 2024 😎
@@mikafiltenborg7572 , NOPE !!
No thank you
So that means its your third car. Must be for the very wealthy not meant for the poor.
Someone should ask Ford when the battery will charge in freezing weather? Til then northern states aren't going to change. Lots of people don't have heated garages or even off street parking. Why would I put in a charging station for my vehicle on the street when I can't even guarantee the same parking space every day and I sure as hell am not paying for someone else using it?
😮hes lying.
EV's chew up special pricey tires every 30,000+ or - miles. The extra weight requires heavier special tires to absorb the additional battery weight. Depending on your vehicle's make, model, and type, the cost can vary from $200 to $500 per wheel. The average tire replacement cost is $800 to $2000, depending on the make or model you drive.
They are heavier? I feel bad for the cities that have incredibly old infrastructure.
@@bondjovi4595 The tires themselves are not heavier. EVs are generally heavier than the ICE counterparts.
EV tires last roughly half of what regular tires last and they do cost more but overall it is less expensive to drive an EV in the longer run.
I plan on buying my first replacement tires for my Bolt before winter at about 55k miles. The self sealing Michelin tires will run about $1,200. If you haven't priced tires lately, good tires for anything are not cheap.
@@hanshansen3885 BS, the vehicle is twice the cost of an ICE vehicle to begin with, and if you replace those more expensive tires more often, and if you have to replace a $10000 battery in seven or eight years of ownership (or your trade-in value is reduced because you didn't replace the battery before the trade-in), you were better off buying and driving the ICE vehicle. And EV electrical components will fail outside the warranty period, too. So stop the non-sense that EV's are less costly to drive. It is false.
Imagine that. Tires cost more and are made using fossil fuels. The government is full of lies on this one. Biden is a perfect example of thinking everyone is falling for this hype. I am not one of his sheep and he did not get a vote from me and never will.
Big props to Ford for keeping the 5.0 V8 alive in the F-150 and Mustang GT while everyone else is caving. The Green New Deal, Paris Agreement, and EVs being forced on us all ends next year when we vote FJB out. Drill Baby Drill!
I hope voters do vote him out, but most who voted for Biden are not logical thinkers and will vote for him again.
🤘
Never..I'd rather see propane vehicles before an EV. We had great cars in the 50s..60s and 70s. They were comfortable. And stylish..and no computers.
Good luck finding parts for EV.
$$$ electricity cost! What about the grid?
People should be able to choose & not be forced to buy something they don't want. This is part of the system that makes America great; companies that provide products that the people want rather than the government.
insurance just 1000 a month, they're salivating already and you already have your health insurer scam 😆
Most places in the country the more electric you use the more they charge per KW 🤔
“If you have three cars…..” how out of touch! 1/2 the country can’t put together $500 in an emergency & these people are setting policy for people w three cars
Exactly right
Families will go to 1 vehicle...teenagers forget it..
Biden caters to the elite east coast and west coast. They want to prevent regular people from traveling very far. This is their green policy, exposed.
At least he is being pragmatic. Electric vehicle, is in their infancy stage!
Pray Ford will bring quality and reliability to their customers!
Wrong....everyone I know has at least 4 cars.....not sure what broke state you live in
If you are someone who has two or three cars, you might consider a 50 thousand dollar car for buzzing around town doing errands? There is an apartment complex with 255 units about five miles from my house. Not a charging station in sight.
It makes sense as a 2nd car. A commuter. Then owning a larger ICE vehicle for, towing, hauling, roadtrips. 2 different cars for 2 different purposes. Electric pickups make no sense to me.
Mr Farley you are a company BS artist, depends on the customer, You Think! If Ford goes all E V they or you will be bankrupt in 6yrs . The govt will pay you to not build cars.
if that's the reason to buy an electric, why not just buy a golf cart!
@@guyincognito210 no it doesn't make sense; you are not fully accounting for all the costs from beginning to end. ICE vehicles are far less costly.
This whole green new deal is politics, it is not looking after consumer's best interests.
They have no pick or power...you can keep it.
They're really going to feel the pressure when nobody buys them.
I hope so.
They already are. Ford is just too stupid and woke to wake up. Toyota has already anounced it's sidelining EVs, let these other dummies like Ford guinea pig themselves into failure and bankruptcy.
I refuse!
The Model Y is about to become the best selling vehicle of any kind in the WORLD for 2023, already surpased the Rav4 in Sales this Q1/2023. They are probably fake orders, Tesla buying them and then giving them away. Crazy, they need to be shut down! omg 🤣
People are ALREADY buying them....what century are you living in
I have purchased two brand new off the showroom floor Ford fusions . Still drive the second one 150 , 000 miles, and it runs flawlessly . If all Ford has to offer from now on is electric garbage, then I no longer am a Ford customer.
I bet you are not alone.
keep fixing those ICE vehicles, until the EV craze fizzles. It did fizzle when it was tried in 1900-1910 in this country, consumers realized they are too inconvenient, and all the EV companies went bankrupt. It will happen again, if people are smart and just refuse to buy EV's.
Since you love Ford, thank you. And since you have selective hearing from this video, CEO Farley said that Ford will still make conventional vehicles.
Thank you for your support, let's hope quality and reliability will be Ford's focus!! ( punt intended).
@Sam' Mas Ford manufacturers very expensive pick up trucks , suv 's and very expensive mustangs . They no longer manufacture a reasonable priced car, which is what I am interested in . To this end, the next time I need to purchase a vehicle, chances are it will not be a Ford product .
@@sammas2959 Not selective hearing, I understand that trucks will be conventional for a time, but he also said something about 2030 or 2035. That's why consumer diligence is still required, to stop this. If it's up to WCFord Jr., the Company will make no more ICE vehicles, I guarantee you that. He is a green extremist, has been for decades. He ordered a green lawn be planted on the roof of the F-Series plant in Dearborn, because it would save energy.
Nothing was said anywhere about bringing 30-40 mpg cars back, and I don't want a truck or SUV. So "still make conventional vehicles" doesn't apply to my preference in vehicle.
Such a huge excuse when you look at the logistics it takes to build the batteries and maintain the vehicle. Not to mention upfront costs. They are reaching for consumers who do not do their research in hopes to gain capital for the quarter.
Tired of this crap? Then vote accordingly in 2024
VOTE? You learned NOTHING in 2020 did you?
@@Thoth_al_Khem I don’t believe Ford wanted to build the EV line, but rather they were forced into it by this current government
Lithium batteries are prone to catching fire and once used up are an environmental hazard
And MADE IN CHINA!
@Svence Johanson if you don't like China's make yours smh
Sodium Ion batteries are about to replace Lithium batteries, sodium is not flammable and cost up to 50% less, and contain on cobalt.
Manufacture your vehicles here in USA not China
If someone would take a survey of all the Ford EV truck owners I'll bet not one of them uses it as a truck!!!
As a Lightning owner, I use mine as I would any other truck I’ve had. It’s simply amazing at the price point I paid. Cost to operate is a quarter of what I was paying before. Electricity in Indiana is cheap.
@@matthewburns7584 "Electricity in Indiana is cheap."
@@matthewburns7584 you haven't amortized the cost of battery replacement, or replaced a couple sets of expensive load-rated tires on your EV truck, when the ICE truck would only need one set and gasoline gets cheaper.
I read that Indiana electricity rates went up 16%, so it isn't cheap.
What you say, does not jibe with how this is being PUSHED.
If I ever bought an EV, I'd have to park it away from the house as a precaution against the batteries shorting and creating a fire. If this happen while it was parked in the garage, the fire would spread to the house and cause extensive damage. If this happened, I'd have lost a car and a house.
Best keep phones and tablets away from the house too in that case.
Hahahaha, I have a TESLA car for almost 10 years, and NOT even 1 second we think it will create a fire.
Those videos they showed over the years was fake, and made up, period.
But if you will buy from other manufacturers, then maybe that will happen to you.
How many new powerplant do you need to build???
I have 4 rigs. 2 with low miles.
I dont know if i have to ever worry about the need of a new rig.
No on the EV for me.
What about those who live out west where we don't just drive around a city?
They should refuse to make these cars! Child slavery in those Chinese mines, the batteries are not environmentally friendly.
Not to many EV stations here in my part of Florida 😂
How many Tesla Superchargers in Florida?
Keep the ev i couldnt afford any one of them even with rebates
The cost to have quick charger and necessary Wirsing updates plus the increase in your electric bill makes EV Powered vehicles impractical.
Turn on the A/C or heat in the winter and you won’t go far. Hook up a trailer and turn on the A/C and it gets worse!! MILES BETWEEN CHARGES ARE BASED ON FLAT ROADS NO HEAT OR A/C . Besides that if 10% of the vehicles on the road today were replaced with electric the power grid would crash.
I hope they reconsider the EV
I think that the US should have a comprehensive energy plan
See Alex Epstein Fossil Future
I don’t want to see poor countries acting as slaves mining for these minerals
Then how do you recycle those big batteries? All truck owners of ford 150 don’t want an EV truck
Bet the tax payer is paying subsidies for electric cars
If they have incentives to produce EVs then if they can do it on their own with no slave mining maybe ok
It's a rich man's toy. 🤑
That's fine if car makers want to go electric. When are we going to see the power grid to support the change? We're not even close to being ready. 😮
The grid isn't a problem. Prices and fast chargers are
@@ChicagoBob123 ummm. Yeah. It's the grid to support all those chargers. Even California has to restrict charging hours because they can't support the usage on top of home usage and peak need time. The grid can't handle the load and the number of power generation plants arent enough to keep up. Imagine having an EV and driving I-10 from San Antonio to El paso. 551 miles on a charge good for 350 miles. With no power lines except at a few rest stops...you ain't getting in THAT line and expecting a good experience. There are no charging stations for over 500 miles! Yeah. It's the grid.
@@ChicagoBob123 yes the grid is a problem, Governor of California told people not to use their air conditioners in homes, because electricity is needed to charge up EV's and lawn mowers.
@@ChicagoBob123 The grid is a problem. If every family owned just one of these the grid capabilities would have to triple just to keep up with demand. Electric may be fine for public transportation such as busses and rails but not for everyday commuters unless you want to spend every dollar you have on charging them because you know the power companies will increase costs to keep up with demand and pay for all the massive changes they will have to come up with for the infrastructure. Oh, and your 8-hour workday may end up being 12 hours while you sit and wait to get your vehicle charged if it is low and you just may not make it home on the charge you have left. Good luck with thinking this one out because it is not for everyone or perhaps even 1/3 of the population.
@@seanmaury7844 and the democrats banned coal, so the utilities have actually closed down generating plants when policy should have been to keep them operating on clean coal.
NOT HAPPENING .....U CAN KEEP THE EV
Tesla model Y will be the most sold carmodel on planet Earth in year 2023 and year 2024 😎
You think Electricity costs will remain where they are? Guess again... Once you're hooked, there's no competition for faster charging. Good luck on Solar charging... Maybe 100% full charge by Christmas.
FYI. THESE CARS BLOW UP IF EXPOSED TO SALT WATER.
My 1984 crown Victoria wagon has original transmission, could use new valve stem seals. If EV would have had 3 $10K battery replacements.
One of the best cars ever made. No question.
How many miles have you put on said CV?
@@matthewburns7584 168000. I custom ordered it in 84.
The more software in a car the more they can lock you out of your car if you don't pay for their services. Ev is an alternative but not the answer as the infrastructure doesn't exist to handle them.
it is for the electrical grid
what is?the electrical grid can't handle the demand now.
THey can keep there EV vehicles.
You can keep that ev
I’ll never buy an EV!
Tesla model Y will be the most sold carmodel on planet Earth in year 2023 and year 2024 😊
Where and when can you charge?
At Tesla's Supercharger network
I have a ranger 2009 14000 and have 260000 miles and only tires and a alternator. Still running strong
he is lying.just try to fix a volt.Too expensive and they are junk.all lies.
LMAO. They used to be called Golf Carts.
We talk after you get rid of dealers
it would be so much easier if you just told the public what tax credits are and how you get them then everyone will love to buy it. Everyone loves free tax money.
Lol. Ev are like the 3d tv
If I wanted to drive a gold cart I would go to Augusta National.
Ford's downfall.
1000 pound batteries, and and the hazards are a completely different animal for fire departments, the mining is dangerous and horrible for people and our environment
Electricity in California during summer is 49 cents per kwh.
How are they a better car? You can make a better car for use with petrol also
EV. Extremely vulnerable.
How much does it costs to put a station in your home? Added costs. Does the battery need to be replaced within Five years?
Tesla's battery will last 30 years / 1 mio. Miles‼️
Ill stick w ice…
Make it a hybrid. If you make it a hybrid most everybody will want one make it cool and make it a hybrid. That’s all problem solved.
If you have three cars......?????
They say the cost is LESS BUT ignore the cost of replacing the batteries..
Short distances and not any serious work? it depends on what you mean with "a Car."
60% of f150 lightning owners are first time truck buyers and first time Ford buyers tells me alit of this is people seeing electric as a shiny new toy.
I'd love to try an electric vehicle guys. Not abuse it, just see how it holds up. I saw that tesla pickup that was squatting with just a 4 wheeler in the back. Turn it into a work truck. Drive it into these quarries mills and everything. Can it hold up for work?
buy an electric lawn tractor; see how bad it is holding a charge in the 2nd season, after you've cycled that battery for a year of recharges; you will convince yourself not to spend $50K for an EV.
They suck. Ain’t buying.
Then buy a horse.
@@bobmex5362 Can't by a horse, they fart - bad for climate change don't you know!
Tesla model Y will be the most sold carmodel on planet Earth in year 2023 and year 2024 😊😊
@@mikafiltenborg7572 You could be right. Humans are not the wisest.
Trouble is an all electric nation is a fragile vulnerable nation, open to massive societal disruption collapse and military defeat.
The nations that produce their own fossil fuels and keep all heavy vehicles and vital power generation fossil fuel based will win the next war over all renewable electric nations.
The EV stations at my grocery store have Out of Order signs. 😅😅😅 My Mazda just giggles at that! FJB!
And that battery doesnt take up a lot of room and actually weigh more than the ice engine and transmission together?
Nobody want EV so quit pushing!
Tesla model Y will be the most sold carmodel on planet Earth in year 2023 and year 2024 😊😊
I’m wondering if Mr. Farley’s company makes vans…down by the river.
CEO honesty, good first step.
Not to say, the electric bill is probably a lot bigger
EVs still suck. The tech isn't there yet, it is still gimmicky.
Tesla model Y will be the most sold carmodel on planet Earth in year 2023 and year 2024 😊
Where is that battery made?
China
How can I get one of these overpriced vehicles that will probably burn down my garage and leave me stranded on a trip?
Not ready
Tesla model Y will be the most sold carmodel on planet Earth in year 2023 and year 2024 😊😊
Screw EVs
Tesla model Y will be the most sold carmodel on planet Earth in year 2023 and year 2024 😊
The hydrogen/electric hybrid?
Never! Tow trucks plow trucks.
Come on man?
No mention of the need for 10x or more mines needed to supply the material for EVs, not just the rarer metals but even the increased demand for copper in those motors. And all of those mines take years to be permitted and into operation. No mention of the electric power plant capacity being way undersized if EVs would come online anytime soon, and all those power plants take years to be permitted and into operation. No mention that EVs generate far more CO2 during production than a gasoline car, so much that you have to drive an EV 100,000 miles or more before hitting the breakeven point of CO2 emissions of a gasoline car. I'm not opposed at all to EVs, but I am opposed to nonsensical govt mandates that are over the top unrealistic, unachieveable, and don't really do a great job toward reducing CO2 for all the money spent.
60 K for a 3 rd vehicle are you High?
Yeah show the 3 Ford Lightnings that melted and Fire Dept.. couldnt put the dumb EV trucks out for over 4.5 to 8 hours. They are not safe..30 thousand for replacement battery..
Ford needs to relearn how to make a vehicle again!
What about the cost of replacing the battery.
Battery price will go down 80 % the next 10 years
50% by 2030? Right. As soon as those kids in the Congo start working more OT and weekends to make sure all those batteries can be built. No problem there.
No cobalt in LFP-BATTERYES
@@mikafiltenborg7572 lower efficiency at temperatures that range through middle American and at a higher cost. Haven’t even looked at the source availability yet.
It’s simple. If the market won’t support it why build them? Subsidized industry is not sustainable.
Dont want one. Sorry i have too many electronic tools and equipment that only works half as long because of charging time its crap
We make it we make you buy it.
If you had a ev in Ukraine when Russia attacked
In fact, I used to buy for products, and I traded them in recently for Shabbos and Toyotas
It’s about control of movement.
A cell phone is a lot different than a vehicle.