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Carmakers Took a $50 Billion Loss on EVs

It sure seemed like electric cars were going to be the next big thing. So automakers gambled big on them, rejiggering production lines and product plans to address what "everyone" thought would be a massive shift to electric power and the end of the gasoline age.

But while there is still a demand for electric cars—somewhere between 7% and 10% of the market in the US—and while markets outside the US are sporting a much higher demand for EVs, particularly China and to a somewhat lesser extend Europe, customers in the US appear to still largely want good old gasoline, environment be damned.

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Ford's New 2028 Electric Truck Will Be a Fully Modern EV for $30,000

Ford's first product on its Universal Electric Vehicle (UEV) platform will be a mid-size electric pickup truck. It will also be its first-ever modern, ground-up, dedicated EV. This "mid-size" pickup hasn't been seen; the design should emerge this year, and Ford said first sales will be in 2027.

It may possibly be called the Ranchero. Ford declined to comment on its August trademark filing for the model name of its 1960s and 1970s car-based pickup truck. Ford also isn't giving out battery range, size, or charge times for the new truck.

But whatever it's called, the first UEV pickup will be different than any other vehicle Ford has built. It draws on the experience of a staff new to Ford, from EV startups and motorsports, who worked in a skunkworks team to develop it.

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Donut Lab Says It'll Have Solid-State Battery Test Results Soon

The biggest news out of this year's CES may have been from a previously unknown startup in Finland. Donut Lab, the biggest thing to come out of Espoo, Finland, since the Verge hubless electric motorcycle, said it had a production-ready solid-state battery that would go on a Verge motorcycle and be in production in a few months. I could say I'm going to have a Pulitzer in a couple years. The world needed proof.

So Donut has rounded out the skepticism by announcing it has "commissioned the internationally renowned VTT Technical Research Centre of Finland to independently measure the features of the company's groundbreaking, world's first solid-state battery ready for mass-production."

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