Ford Expects to Lose $4.5 Billion on EVs This Year

Automaker Ford estimates its electric vehicle division will lose $4.5 billion this year, $1.5 billion more than it predicted in March.

Fortune said Ford's revised forecast comes from a sluggish receptiveness by consumers to the new battery-powered vehicles.

So far this year, Ford's EV division has shed nearly $1.8 billion, Fortune reported.

No worries, our government will bail them out if necessary.