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Ford Chairman Bill Ford speaks May 19, 2021 during the unveiling of the electric F-150 Lightning pickup truck outside the automaker’s world headquarters in Dearborn, Mich.
Ford

DETROIT – A decade ago, Ford Motor was positioning itself to be a leader in electrified vehicles with new global models such as the C-Max and Focus Electric.

Those “green” cars were to lead the automaker’s efforts to potentially electrify 25% of its fleet by 2020, Ford Chairman Bill Ford wrote in a May 2011 article for Fortune Magazine. They didn’t and Ford watched as a start-up, Tesla, emerged as the industry’s benchmark for zero-emissions vehicles, and crosstown rival General Motors became Wall Street’s top legacy automaker for EVs.

Ford’s newest CEO Jim Farley, who took the helm Oct. 1, quickly announced a harder pivot to EVs as the automaker released an all-electric Mustang crossover and an upcoming F-150. While the new electric vehicles have been well received, Ford has to fight for a leadership position amid a litany of old and new competitors.

It’s something Bill Ford, great grandson of the company’s founder, is well aware of. A greener automotive industry has always been a mission of his. As an environmentalist and the longest running chairperson of any automaker, he has acted as a rare champion, or conscience, of green practices in the industry.

It’s something that was historically taboo, even discouraged, in a business reliant on fossil fuels to power its products and large trucks to drive its profits.

But that’s changing. The promise of electric vehicles and Wall Street’s support of more sustainable companies has Ford believing his decades-long vision of a greener automotive industry and company are finally achievable. And investors have taken notice, sending shares of Ford up by about 50% in 2021.

“When I joined the company in 1979, I joined as somebody who cared deeply about the environment, and I was absolutely appalled that that view was not only not shared, but it was frankly scorned within the company,” he told CNBC during a video interview. “That’s all changed now. And, yes, it makes me really excited.”

Bill Ford admits that the company’s early “green cars” may have not been as successful as he wanted at that time. But he believes the industry and consumer acceptance of electric vehicles is changing and that his push for a more sustainable industry was right all along.

“They may not have been the right time, they might not have been quite ready for primetime when they came out, but directionally, it was absolutely the right thing to do,” Ford said.

Ford vs. Trump

Doing the “right thing” hasn’t always been easy for the 64-year-old automotive heir. His support for both the environment and the industry have always been at odds with one another and drawn criticism from supporters of both sides.

Most recently, former President Donald Trump publicly condemned Bill Ford and the company last year for agreeing with California on stricter fuel economy and emissions standards.

Ford was the only American automaker to do so at the time. Ford’s largest crosstown rival – General Motors – backed the Trump administration before changing its stance to support California following Joe Biden, a supporter of EVs and stricter vehicle emissions regulations, defeating Trump.

President Donald Trump wears a mask during a private viewing of three Ford GTs from over the years at the Ford Rawsonville plant.
NBC News

“It’s important to stand for things. We’ve taken stances on the environment that haven’t always been popular, and in many cases have gone against what the rest of our industry has done,” Ford, whose career now spans seven American presidents, said. “And that’s OK because it gives you a sense of who you are.”

Farley, who joined Ford in 2007, earlier this year described that sense as being “absolutely” imperative to the automaker and its future plans. The company is soon expected to release more on its sustainability plans and how they relate to its new Ford+ turnaround plan.

Fred Krupp, president of the Environmental Defense Fund, said the company’s support of California’s emissions standards and the Paris Climate Agreement were two of the most recent examples of Bill Ford’s leadership in the industry.

“He’s been a leader,” Krupp, who has known Ford for 20 years, said during a phone interview. “I can’t think of another American auto executive that has done more to move the issue forward than Bill.”

EVs

Despite the chairman’s support for EVs and the environment, the automaker hasn’t said when it expects to convert its entire lineup to EVs, unlike rival GM which has said it plans to go all electric by 2035. Ford has said it expects 40% of its sales volume globally to be all-electric vehicle by 2030.

Bill Ford said it’s ultimately up to consumers to decide just how quickly EV adoption will occur, but more investment and new products will help. Ford’s current lineup includes plug-in hybrid electric vehicles with gasoline engines as well as the Mustang Mach-E crossover – its only EV.

“Our customers will really dictate how quickly it happens,” Ford said. “But I will tell you that we’ll be ready when that happens. We’re pushing incredibly hard. You’ll see more announcements from us in the near future.”

Ford Motor Executive Chairman Bill Ford, left, and actor Idris Elba next to Ford’s all-electric Mustang Mach-E GT SUV at Jet Center Los Angeles in Hawthorne, California on Sunday, Nov. 17, 2019. Elba, who previously worked at Ford Motor Co. in the 1980s, helped introduce the vehicle to the public.
Ford

Ford has at least two additional EVs coming by mid-next year – a commercial van later this year and an electric version of the F-150 pickup called Lightning. The new EVs are part of Ford’s plans to invest more than $30 billion in electric vehicles through 2025, about $7 billion of which had already been invested before February.

Ford said he’s “very confident” that the automaker can be a leader in electric vehicles. He also believes there will be some consolidation in the automotive industry, as a barrage of new competitors attempt to entire the space.

“We are clearly an industry in the middle of change and I believe that if we were too fast forward 10 years from now, there will be clear winners and losers in this new world of EVs, [autonomous vehicles] and software,” he said. “I think that the winners may not be all the familiar faces that people would have thought of.

“I mean clearly look at a company like Tesla, which is a very young company, and they’ve done incredibly well. There will be others like that.”

Aside from its own investments in EVs, Ford is a minority investor in EV truck start-up Rivian, which filed for an initial public offering last week. The company is reportedly seeking a valuation of $80 billion – giving the young company a higher valuation than Ford at $51 billion and GM at $71 billion.

RJ Scaringe, Rivian founder and CEO, and Ford Executive Chairman Bill Ford announce a $500 million Ford investment in Rivian.
Source: Ford Motor Co.

Achieving his vision

EVs aren’t the only part of Bill Ford’s vision for a greener future. He believes autonomous vehicles and reworking the industry’s manufacturing and supply chain need to happen as well.

He said more needs to be done regarding reducing the industry’s entire carbon footprint, including using more renewable energy to produce vehicles, as well as autonomous vehicles that can ease public transportation problems and global gridlock.

“We don’t have to be 100% in any one of those areas, but if I feel like we are well on our way in all of those areas, and I feel like it’s early days, but yes, we’re headed down all those roads. Yeah, then I’ll feel great,” he said.

While the shift to EVs is in its early days, Ford, 64, isn’t after a more than 40-year career with the automaker. However, he has no plans of stepping down from the company for the foreseeable future, even as a younger generation of Ford’s join the board. His daughter, Alexandra Ford English, and nephew, Henry Ford III, were both elected to the company’s board in May.

“I feel like I’m adding value to Ford today, maybe more than I ever have,” Ford said. “As long as I feel like I’m contributing and can work at the pace that the company needs me to work at, I’ll be here. Someday that won’t be the case and I think I’ll know when that happens.”

Ford Motor Company today announced that Alexandra Ford English and Henry Ford III have been nominated to stand for election to the company’s board of directors at its annual meeting of shareholders on May 13.
Source: Ford Motor Co.

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Among incredibly stupid court opinions, overturning Chevron takes the cake

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Among incredibly stupid court opinions, overturning Chevron takes the cake

The US “Supreme” Court has just issued an opinion that would overturn Chevron v Natural Resources Defense Council, ensuring more government gridlock and casting activist judges in the place of career scientists to decide specific answers to some of the most crucial questions of the day, such as those related to climate emissions and other environmental issues.

Among many incredibly stupid opinions the court has issued recently, this is among the stupidest, and we’re going to go into why.

Just two days after issuing an opinion that would legalize the kind of corrupt bribes that they themselves have taken, and one day after once again ignoring the Clean Air Act and claiming that the federal government can’t regulate interstate emissions, the Court issued an opinion today in Loper Bright Enterprises v Raimondo that would invalidate a previous ruling, Chevron v Natural Resources Defense Council.

The original Chevron case was actually decided in favor of Chevron. Reagan’s EPA, which at the time was administered by Neil Gorsuch’s mother, Anne Gorsuch, had attempted to ease regulations on oil companies, which NRDC sued over. The court decided that the EPA’s interpretation would stand, giving Anne Gorsuch and the oil companies a big win.

The Chevron case created what’s called “Chevron deference,” which means that when a law is unclear in its details, courts should defer to reasonable interpretation of professionals in a government agency as to what those details mean. This doesn’t mean that agencies can make it up as they go along, just that they can fill in the blanks left by Congress.

In the last four decades, this ruling has become the foundation of much of administrative law in this country.

After all, legislators in Congress aren’t scientists, so will often pass a law saying something like “the EPA should regulate harmful air pollutants,” and leave it up to the EPA to decide what pollutants those are and how they should be regulated, and how those regulations should change over time.

Judges also aren’t scientists, so it’s reasonable for judges to defer to interpretation by professionals who have a lot of data and take a lot of time to craft specific regulations when they are told to do so by the legislature. In the course of crafting and updating those regulations, things will come up which were not anticipated by Congress, and someone needs to make that decision.

Agencies like EPA or NOAA, who work with some of the world’s most respected climate scientists, are a great place to go to find up to date recommendations and answers to those questions. And Chevron deference is what has allowed these agencies to work properly for the last several decades, and is what ensures they can continue to work as we confront climate change, the largest problem humanity has ever caused.

This sort of deference is essentially necessary for effective government. And any lawyer or law student can tell you how important it has been in establishing the last several decades of administrative law.

And it has benefitted electric vehicles, for example by allowing the EPA to set emissions rules that will save lives and money, or allowing the IRS to tweak guidance on the EV tax credit to make accessing it easier for consumers.

Without Chevron deference, it would mean that reasonable rules to smooth out implementation of laws can be challenged and reinterpreted by individual judges who are ignorant of the issues involved – and plaintiffs, likely in the form of a big polluting company who wants to skirt regulations to harm you more, can go forum shopping to find a specific judge who they know ahead of time will rule in their favor and against the public interest.

To be clear, Chevron deference only applies to situations where law is ambiguous, and where the agency’s interpretation was reasonable and arrived at through proper government processes – adhering to public comment requirements and the like. If an agency interpretation is arbitrary, it could still be thrown out. This is all covered in the Administrative Procedure Act (APA) and in previous court rulings narrowing Chevron.

Court’s opinion creates more gridlock, is “dictatorship from the bench”

But now, in the court’s opinion, the foundation of administrative law in this country for decades should all be gone. In Raimondo, the court opined on the validity of an NOAA regulation on the fishing industry. Lower courts in fact did not rely fully on Chevron deference in their rulings, finding that the statute was not ambiguous in the first place. But the Court took this opportunity to opine on Chevron anyway, despite its limited applicability to the facts of this case.

Under the Court’s opinion today, rather than unbiased career scientists weighing in on complex issues and helping to fill in the blanks that Congress didn’t anticipate or understand, that responsibility would now lie in the hands of oft-ignorant politically-appointed judges. These judges will be called on to make decisions on the suitability of specific regulations in any number of fields they are not qualified in: air quality, technology, labor regulations, tariff policy, farm subsidies, housing development, privacy, and many more issues that they know nothing about.

In short, it means more gridlock of the type Americans hate, and it means more “activist judges” that everyone claims to dislike. Even in the ideal situation envisioned by defenders of today’s decision, where a non-gridlocked Congress is able to quickly answer any agency question with a new law that the body comes together to agree upon, there will still be ambiguities and inefficiencies from having to consult another non-professional body for ambiguous scientific questions.

If you were tired of government waste and inefficiency, bogged-down court systems that take years to get anything done (in direct violation of the 6th amendment), then boy howdy, guess what’s coming next.

You know that “legislating from the bench” you’ve heard of? This is it, explicitly. The Court has opined that it should have final responsibility for crafting each and every regulation, even if it’s on a topic they know nothing about (or worse, maybe it’s a topic they have a direct personal interest in, and yet will rule on anyway).

It also means less participatory government. Agencies already were not allowed to go off script and make up whatever they wanted. Deference was only given if their interpretations were reasonable, were related to a question not answered explicitly in the law in question, and were arrived at after seeking comment from stakeholders (the public, industry, scientists, and so on). The Court could already throw out unreasonable interpretations or ones that engaged in arbitrary & capricious rulemaking (or the Court could just make up their own nonsense, as they’ve done before).

Now, the Court has officially interposed itself in front of the public and its elected officials in both the executive and legislative branches. Instead of voters, scientists, trade and public interest organizations, unions, and so on having a say, now it’s just an unelected court who will have their way – five of whom were appointed by people who lost their respective presidential elections, by ~500 thousand and ~3 million votes respectively.

Worse than “legislating from the bench,” this is a dictatorship of the bench. The bench has decided that theirs is the entire purview of both the executive and legislative branches.

And it was just waiting for a case where it could do so – because Neil Gorsuch (another illegitimate appointee, who wrote his own concurring opinion today) has wanted to overturn Chevron for a long time. He pre-judged this case long ago, well before the specifics of this case came along, and has just been waiting to implement his judgment. This is generally considered a violation of jurisprudence.

As has often recently been the case, the court shows complete ignorance of not only the legal and governmental issues that their opinion will cause, but ignorance of their own recent actions. Take this choice quote from today’s opinion:

Chevron insists on more than the “respect” historically given to Executive Branch interpretations; it demands that courts mechanically afford binding deference to agency interpretations, including those that have been inconsistent over time, see id., at 863, and even when a pre-existing judicial precedent holds that an ambiguous statute means something else, National Cable & Telecommunications Assn. v. Brand X Internet Services, 545 U. S. 967, 982. That regime is the antithesis of the time honored approach the APA prescribes.

In this passage, John Roberts claims that agency interpretations are deficient because they are “inconsistent over time.” Nevermind that agency interpretations are necessarily inconsistent, given that the world and technology changes (e.g., as technology advances, more efficient vehicles become more practical and therefore tighter emissions limits become possible), but Roberts ignores his own court’s inconsistency on all sorts of matters in this passage.

His opinion would invalidate several decades of administrative law, and has left lawyers today wondering how it will even be possible to do their job with this grenade thrown right into the center of the field.

If a government body should have its toys taken away for inconsistency, then what Roberts is arguing here is that he himself should be ignored.

In that part of the opinion, at least, we agree. Roberts and his illegitimate court are the antithesis of effective government, and are not working in the interest of law and order or in favor of the public. Their opinions should be treated as just that – opinions, from private individuals who are clearly not interested in law or government.

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GranCabrio Folgore first drive: Maserati has nailed it in one of the first true BEV convertibles

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GranCabrio Folgore first drive: Maserati has nailed it in one of the first true BEV convertibles

Buongiorno! Scooter here, back with another first-drive review with Maserati. This time, I flew north of Milan, Italy, to Lake Maggiore, where I took in tons of beautiful vistas while testing out Maserati’s first all-electric convertible, the GranCabrio Folgore. This is a beautifully done new model, but I worry about its starting price.

Table of contents

Background on Maserati’s first all-electric convertible

My most recent Maserati drive event was almost two years in the making, as we first reported on the Trident brand’s all-electric GranCabrio convertible in October 2022. At the time, we only saw a camouflaged prototype. Still, Maserati relayed that the initial stages of GranCabrio Folgore development and testing had begun through the streets of Modena in Northern Italy.

Since then, Maserati has launched two initial Folgore BEV models—the GranTurismo coupe and the Grecale Folgore SUV, which I test-drove in Southern Italy this past March. In April, I was back in Italy at Maserati’s public launch of the GranCabrio Folgore convertible in Puglia.

It was then that we learned what specs this tri-motor sports car will deliver, including its 2.8-second 0-100km/h (0-62 mph) acceleration time. While we still await the GranCabrio Folgore’s official launch in the North American market, I recently got to visit Maserati’s native lands and test it out for myself. I’ve shared my thoughts below.

GranCabrio Folgore performance specs and features

What’s refreshing about Maserati and its Folgore BEVs is that they come as they are—one variant with all the available features, all of which are top-of-the-line in design and function. This sort of business model makes my job easier because when I talk about specs, features, and pricing (brace yourself for that one in a bit), I only have to talk about a single option.

With that said, here are some pertinent specs in the Rose Gold Maserati GranCabrio Folgore convertible I tested out:

  • Powertrain: 3x 300kW radial motors (2 rear, 1 front)
  • Max Power: 560 kW (751 hp) / 610 kW (818 hp) w/ MaxBoost
  • Max Torque: 1,350 Nm (996 lb-ft)
  • Top Speed: 180.2 mph
  • 0-60 mph Acceleration: <2.8 seconds
  • Battery Capacity: 92.5 kWh (nominal) / 83 kWh (usable)
  • Charging:
    • DCFC – 800V: 270 kW (up to 48 miles in 5 mins)
    • DCFC – 400V: 50 kW (12 miles in 5 mins)
    • DC Charge Time: 20 to 80% in 18 mins (@800V – 270 kW)
    • AC Charge Time: 48 miles per 1 hour (@15 kW)
  • Range: Up to 233 miles (EPA estimated)
  • Homologated Weight: 5,249 lbs.
  • Weight Distribution: 50/50
  • Turning Radius: 40.68 ft.

The specs of the Maserati convertible are not bad compared to its competitors in the luxury segment, but the range certainly leaves something to be desired. That said, the GranCabrio Folgore was not necessarily designed for long road trips. We had plenty of range left after our day our driving (and driving FAST).

From my experience, it is perfect for cruising along the coast with the top down and opening it up on straightaways. A downside to Maserati’s unique 800V platform is the limited space for more batteries. On the flip side, however, the Italian automaker was able to deliver a 50/50 weight distribution, which is better than its combustion counterpart, even with an extra 933 pounds of weight from the batteries.

Driving Maserati’s tri-motor BEV convertible in Italy

As the convertible version of Maserati’s first BEV on its 800V platform, the GranCabrio offers a bit more freedom (and headroom) than the GranTurismo Folgore. When I drove the Grecale Folgore SUV, I found its exterior to be a tad flat and boring.

That is not the case with the GranCabrio Folgore. It carries a sleek but muscular design and drives bigger than it looks due to its weight. Notice its unique clam-shell hood that extends as one entire stamped piece across the front of the vehicle and over the wheel wells. How often do you see so few lines up front? Stunning.

Inside and out, tiny details have been executed to the utmost quality standards, and this is the most aesthetically pleasing Maserati I have personally seen and driven. The interior is comforting and spacious up front, but the rear seats are obviously quite tight, given the sporty EV’s overall length (4,966 mm).

I found the center display easy to navigate and operate, with very little need to tap through multiple menus. Most of your most used functions are quickly accessible from the steering wheel or display and are intuitively placed.

I don’t necessarily mind physical buttons for drive functions like Park and Drive, but I was not a fan of Maserati’s decision to place them in the center of the dash between the displays. My hand’s instinct was to go to the wheel or in between the front seats to shift modes.

This convertible’s all-electric drive modes, however, were very easy to scroll through using a knob on the steering wheel. I admittedly spent most of my time in “Sport” and “Corsa” modes to feel the full performance, but I did test out each mode of the Maserati along my journey and enjoyed the feel of each and every one… especially the stiffness and torque vectoring of Corsa.

The acceleration was superb. This baby can go. We often times outpaced the combustion Trofeo versions on the road thanks the the Folgore’s triple motors and massive torque. Overtaking nearly any other car on the highway or back roads should be no problem for future owners.

Despite being a convertible, I found the ride of the Maserati GranCabrio surprisingly quiet. It’s obviously quietest with the top and windows up, but even top-down and windows up was very nice, and I really can’t complain about driving top and windows town either.

Air-conditioned seats were there for me when I was in the sun, and a heated “air scarf” feature is available near your neck in the front seats if you’re getting chilly from the fresh air.

One of the downsides I noticed, which comes with most convertibles, is the lack of trunk space in this Maserati, especially when the top is down and folded up. That said, there’s additional storage in the rear seats if you have anything larger than a couple of carry-on suitcases.

Maserati convertible

GranCabrio Folgore pricing, availability, our video review

Overall, this is my favorite Maserati BEV model I’ve driven to date. I think its overall design is the sharpest in the lineup, and it offers the performance to match its luxury. Even as a convertible, I found the GranCabrio Folgore to drive smoothly and as quiet as can be for having no roof.

Maserati’s battery placement in the 800V platform truly shines in this model, as its added (and evenly distributed) weight helps keep the tires on the road, even on hairpin turns. After driving this model, my two critiques are its range and its price.

The EPA’s estimated range of 233 miles is adequate for a vehicle of this size and type, but I would have liked to see more, given how much Maserati is asking for the all-electric convertible. This brings me to my next issue: the GranCabrio Folgore starts at an MSRP of $205,000 before an additional $1,995 in destination and handling fees.

At a premium like that, I can’t help but wonder who will buy this model. Maserati die-hards may still opt for the combustion version, although I’d argue the Folgore is only $13,000 more and delivers significantly better performance. Also, EV enthusiasts, even the more affluent ones, are probably going to opt for a Lucid Air GT or Tesla Model S Plaid for half the price of the GranCabrio.

Is it really worth the extra money for a convertible? The market will answer that question when the Maserati GranCabrio Folgore makes its way to North American showrooms this fall as a 2025 model.

Until then, be sure to check out my driving footage and impressions around Northern Italy below:

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You can now lease a Hyundai IONIQ 5 for less than the cheapest car in the US

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You can now lease a Hyundai IONIQ 5 for less than the cheapest car in the US

Hyundai’s top-selling electric SUV is on sale. Starting at just $17,820, the Nissan Versa is America’s cheapest car, but with massive incentives, the 2024 Hyundai IONIQ 5 is even more affordable to lease.

With over 34,000 models handed over last year, Hyundai’s IONIQ 5 was the sixth best-selling EV in the US.

The momentum has not slowed in 2024 as sales have climbed steadily. After setting new sales records in March and May, nearly 15,000 IONIQ 5 models have been sold through the first five months of the year.

With massive new incentives, you can now lease a 2024 Hyundai IONIQ 5 for less than America’s cheapest car.

The 2024 Nissan Versa is the cheapest car in the US, starting at $17,820. However, without any promotions, you can lease a long-range, fast-charging electric SUV for less (and it looks way cooler).

Nissan’s Versa is listed at an estimated $381 per month to lease, according to online auto research firm CarsDirect. That’s for 36 months with $0 down and a $19,490 MSRP (2024 Versa S CVT).

Hyundai-IONIQ-5-lease-cheapest
2024 Hyundai IONIQ 5 (Source: Hyundai)

Hyundai IONIQ 5 lease prices are the cheapest yet

At just $229 for 24 months, the 2024 Hyundai IONIQ 5 SEL RWD (with up to 303 miles range) is a much better deal. With $3,499 due at signing, the effective cost is $375 per month, $6 cheaper than the Versa.

Considering the IONIQ 5’s $48,775 MSRP, the lease deal is hard to pass up. I mean, it’s even less per month than the cheapest car in the US.

Hyundai-IONIQ-5-lease-cheapest
2024 Hyundai IONIQ 5 interior (Source: Hyundai)

Hyundai is able to offer such a low monthly payment by factoring in $10,000 in lease cash. The 2024 IONIQ 5 SEL RWD is not only one of the most affordable EVs in the US but also one of the most efficient.

In an exclusive interview with Electrek last month, Hyundai America CEO Randy Parker told us that the automaker is “humble and hungry” to distance itself from the competition. It’s doing so by giving customers confidence with long-range, fast-charging EVs at an affordable price.

Hyundai EV drivers have more to look forward to, as they will gain access to over 12,000 Tesla Superchargers by the end of the year.

If you want to take advantage of Hyundai’s huge lease discount, we can help you get started. You can use our link to view deals on the 2024 Hyundai IONIQ 5 at a dealer near you.

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