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Jon Keegan

Ford takes aim at Tesla, offering free EV chargers and home installation to buyers

In a major move to court car shoppers who are leery of EVs, Ford — the number two EV seller behind Tesla— announced a new program to provide free Level 2 home chargers and installation to new Ford EV car buyers, an incentive worth several thousands of dollars. The program could help Ford eat away at Tesla’s dominant share of the EV market in the US.

“We have learned just how important home charging is to overall electric vehicle adoption in the U.S. Nearly 90% of shoppers say they would be more likely to buy an electric vehicle if they knew they could charge at home,” wrote Ford CEO Jim Farley announcing the new program, which is called the “Ford Power Promise”.

The offer is good for any purchase or lease of a Ford F-150 Lightning, Mustang Mach-E, or E-Transit Cargo Van starting October 1, 2024 and runs through the end of the year.

Ford recently pulled back from its ambitious EV plans, delaying new EV models and ramping up production of more popular hybrid models.

“We have learned just how important home charging is to overall electric vehicle adoption in the U.S. Nearly 90% of shoppers say they would be more likely to buy an electric vehicle if they knew they could charge at home,” wrote Ford CEO Jim Farley announcing the new program, which is called the “Ford Power Promise”.

The offer is good for any purchase or lease of a Ford F-150 Lightning, Mustang Mach-E, or E-Transit Cargo Van starting October 1, 2024 and runs through the end of the year.

Ford recently pulled back from its ambitious EV plans, delaying new EV models and ramping up production of more popular hybrid models.

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Walt Disney Chairman And CEO Bob Iger Rings Opening Bell At NY Stock Exchange

It’s the end of Disney’s Iger era (again)

Incoming CEO Josh D’Amaro is replacing Bob Iger on Wednesday, though Iger will remain a senior adviser through the end of the year.

$35.4B

The tariffs imposed by the Trump administration have cost automakers at least $35.4 billion since the start of 2025, according to a new analysis by Automotive News.

That total will continue to climb this year, since the Supreme Court’s February tariff ruling largely leaves the 25% levy on vehicles and auto parts untouched.

Toyota has taken the biggest hit, projecting more than $9 billion in tariff costs in its fiscal year ending this month, while Detroit’s big three automakers — Ford, GM, and Stellantis — were hit with a combined $6.5 billion tariff charge in 2025.

In the fourth quarter, automakers sold about 8% fewer imported vehicles in the US compared to the same period a year ago, per the Automotive News Research & Data Center.

Tariff charges come at a rough time for legacy carmakers, which are also scaling back EV plans following the Trump administration’s elimination of tax credits and fuel standard goals. According to Automotive News, the cost of EV write-downs and restructuring is, so far, nearly $70 billion.

Universal Studios Orlando Theme Park

Universal Studios is giving theaters a longer minimum exclusive run

Universal will now guarantee a minimum of five weekends before a movie hits home screens — which might help theater companies like AMC finally get back to profitability.

Tesla Will Open Up Its Chargers To Other Brands, In Order To Receive Federal Subsidies

After a big pullback for EVs, climbing gas prices are causing drivers to eye them again

Still, the market is much different than it was the last time oil prices were this high.

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