Hydrogen vehicles are on the rise. The industry is growing by an astounding 40% annually. Compared to electric vehicles (EVs), hydrogen–powered vehicles are cleaner, more power-efficient, charge faster, and have longer operating ranges.
While the majority of people think that electric cars are environmentally friendly, the truth is that even when they are charging at home, they still release carbon dioxide into the atmosphere. On the other hand, hydrogen fuel cells are completely green.
It’s common to hear people refer to hydrogen fuel cells as the actual green solution because hydrogen is generated by renewable energy or from low-carbon power. The latest studies confirm that green hydrogen can cut annual global emissions by 20% on its own.
Ford has made it clear that, despite its continued strong interest in electric vehicles, fully electric power is not currently a realistic option for larger trucks. Instead, the automaker is investigating the possibility of hydrogen power through two distinct pilot programs, both of which are focused on hydrogen fuel cell-powered Transit and F-550 models. READ MORE...
Just like Ford’s "Edsel" model in the 1950s, Trump administration economist Steve Moore cautioned that electric vehicles (EVs) may be the auto market's "next big flop."
"Henry Ford's son was named Edsel, and this was going to be the great car, all of the executives said, 'This is the car everybody's going to want to buy.' Ford made 500,000 of these new sedan cars, but guess what?" Moore said on "Varney & Co." Monday. "Nobody bothered to ask consumers whether they wanted the car."
"And of course, the Edsel was one of the great flops of all time," the economist continued. "I'm here to tell you, if these trends continue, we're going to see the EV market become the next big flop because car buyers don't want them."
Moore’s comments come as the EV push at Ford and General Motors hit a speed bump that’s cutting into the automakers’ profits and causing them to reevaluate their electric plans amid a price war and supply chain challenges. READ MORE...
On Thursday, Ford withdrew its full-year results forecast, citing "uncertainty" over its tentative deal with the United Auto Workers and warned of continued pressure on electric vehicles as customers balk at paying a premium for EVs over other models.
"It's been a challenging situation, for sure," Ford CEO Jim Farley (right) said during the company's third-quarter earnings call after posting greater losses than expected on EVs. "Matter of fact, our business is never short of challenges, especially right now with the evolution of the EV market and new global competitors from China, as well as the technology disruptions." READ MORE...
