Ford Claims EV Production Requires 40 Percent Less Labor

One underappreciated benefit of electric vehicles is that maintenance costs are typically way lower than gas-powered cars. You still need to buy tires, but regenerative braking means you’re not replacing brake pads as frequently. You also don’t have to worry about adding coolant or engine oil, changing spark plugs, or replacing a bad starter. But while that benefits consumers, it also benefits automakers.

CleanTechnica reports that according to Ford CEO Jim Farley, the labor cost of EV production is about 40 percent lower than a traditional ICE car. On the one hand, that makes sense. Parts you don’t have to worry about replacing are also parts they don’t have to pay someone to install in the first place.

Read more

• These Are Your Guilty Pleasure Cars

• The 15 Most Successful Formula 1 Cars of All Time

• These Cars Should Never Have Been Killed Off

But on the other hand, that’s a surprisingly large number. A full 40 percent? Wow.