Ford Offers Free Home Charger and Installation with New EV Purchases
Ford has launched the "Ford Power Promise," offering a free home charger and complimentary installation for customers who buy or lease a new EV between October 1, 2024, and January 2, 2025. The program covers the installation of the Ford Charge Station Pro, a Level 2 charger with bi-directional power, typically costing $1,310. The initiative applies to models like the F-150 Lightning, Mustang Mach-E, and E-Transit. Additionally, Ford is providing 24-hour customer support and roadside assistance, including towing to the nearest charging station. Renters or those without charger installation capability will receive a $2,000 credit instead.
U.S. Gas Prices Dip Slightly, With 18 States Below $3 per Gallon
As of late September 2024, U.S. gasoline prices have dropped slightly, with the national average down 1 cent to $3.17 per gallon, a 61-cent decrease year-over-year, according to the U.S. Energy Information Administration (EIA). While prices have generally declined, some states have seen increases due to refinery maintenance and disruptions. Regional prices vary, with the Gulf Coast having the lowest at $2.69 and the West Coast the highest at $4.04. Mississippi has the lowest gas prices in the country at $2.68 per gallon, with 18 states now below the $3 mark. Further declines are expected as refinery issues are resolved.
Jim Farley Sounds Alarm on Rising Chinese EV Competition
Jim Farley, CEO of Ford, has voiced significant concerns about the rapid advancements of Chinese electric vehicle (EV) manufacturers after a recent trip to China. He noted that companies like BYD and Xiaomi are leveraging advanced technologies and competitive pricing to capture market share, creating a substantial threat to Ford and other global automakers.