2024-03-17 14:40:00 ET
Ford Motor Company (NYSE: F) investors have been hit with a flurry of not-so-great news over the past year. Investors had to deal with the angry United Auto Workers union and the increased costs associated with new contracts, the staggering $4.7 billion loss with its Model e electric vehicle (EV) unit, and a stagnant stock price.
Recently, however, Ford made a small announcement many missed that could help reduce range anxiety and boost not only EV sales but consumer satisfaction.
Many studies have shown that the No. 1 barrier to EV mass adoption is range anxiety. Range anxiety is simply the fear of getting stranded during travel with no option of recharging the vehicle battery.
For further details see:
A Little Good News for Ford Investors