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Automakers Lose $6,000 per Electric Vehicle

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the staff of the Ridgewood blog

Ridgewood NJ, automakers throughout the United States have invested substantial sums into their electric vehicle (EV) strategies in recent years, channeling funds into various aspects such as new product development, engineering advancements for lighter and more powerful motors, and the establishment of new manufacturing facilities. However, despite these hefty investments, it appears that the cost may not be yielding favorable returns, as EV manufacturers across the nation reportedly face significant losses with each vehicle sold.

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