Ford using cheaper batteries

[JLawson]

Ford is moving towards installing cheaper iron-based batteries in their new cars. They're going that route because it's too difficult to locate the resources for nickel and cobalt, which are used in many EVs that were already on the market. I understand that it's a supply chain issue and a desire to meet the demand for more electric vehicles, but I hope this move doesn't affect the quality of the battery.

 

[Arkansas]

I've noticed that most pros are spinning this like it's a good thing, since Ford will be able to produce more EVs and hybrids. However, cheaper materials usually mean that the quality suffers. I guess we'll see.

 

[Dole]

I suppose this is all in their effort to make a higher percentage of EVs by 2030. It'll be interesting to see whether this move translates into lower prices at the dealership as well.