Are electric cars the answer to soaring gas prices?
CLEVELAND, Ohio (WOIO) – All you have to do is drive down the street, they’re impossible to miss, towering over us as we drive in delivering the bad news of yet another gas price hike.
Call them bad news beacons and these towers, built to advertise the price of a gallon of gas, have many of us going to car dealerships and asking questions about electric cars.
“That’s the first question, you see gas prices and we don’t like where it’s at, so ‘okay, I want to explore electric,'” Liberty Ford owner Michael said. Herrick.
Herrick heard from his general managers that the number of customers requesting electric cars has increased as gas prices have started to climb and that this is expected to continue for the foreseeable future.
Ford currently offers the F-150 Lightning and the Mustang Mach-E in electric.
“From an engineering and product development perspective, they’re there,” Herrick said.
Ford is investing a billion dollars in production facilities in Kentucky and Tennessee and they have a lot of work to do before they are ready to ramp up production.
“Current demand far exceeds supply, but we’ll get there soon,” Herrick said, “It’s just about making sure we’re growing responsibly to meet the needs of a consumer base. “
Herrick expects these investments to pay off within the next one to two years with production ramping up close to consumer demand.
While gas prices will always be a driver of a consumer’s preference for a vehicle, and Herrick said that has been the case for at least 40 years, he also believes electric vehicles will offer much more than a simple way to save money at the pump. .
“We’re looking at a lot more, like how can this vehicle improve your life, not only is it more fuel efficient and expensive today,” Herrick said.
He points to the environmental benefits of electricity and the two-way charging capabilities that he says will be key to Ford’s electric success.
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