Ford Makes a Move Rivals Will Hate but EV Buyers Will Love

Published by
The Street

By Luc Olinga The maker of the Mustang Mach-E and the F-150 Lightning electric pickup stands out from its rivals in the face of soaring prices for raw materials. The price of almost everything is going up. This was already the case before Russia invaded Ukraine because the pandemic disrupted supply chains worldwide. But the situation has worsened for the three weeks since the invasion. Crude oil prices soared, pulling raw materials prices in their wake. Prices for nickel and other key metals for batteries needed by electric vehicles are at very high levels. Russia is responsible for 6% of glob…

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