well, lfp batteries are about 15% less to produce than ncm, the other technology, the current makeupe batteries that ford uses right now overall, lfp batteries have a range that's probably 15% less than the current makeup or mcn batteries. but let's talk about this, melissa. a lot of people sit there and say well, i want all 300 miles of range, if that's what a particular vehicle's range is. the reality is not everybody uses all of that remember, 80% of americans drive less than 40 miles a day so while you do want range, lfp is not going give you so much less that you would have to be going wait a second, i'm making a is huge sacrifice here. >> phil, thanks. phil lebeau. steve grasso, what do you make of this announcement >> yeah, i think obviously with recent events, congress, it's going to be bipartisan they're going to be laser-focused on this. not that the deal won't go through, but i think it's going to be met with a lot of headwinds. gm on the stock front, gm has outperformed ford. the stocks look similar, but gm has broken out recently out of their declining trim line. this is

so, for many people, lfp makes more sense in the long run to buy, and if you're ford, having lfp productionps out a lot as they're ramping up to two million in annual ev sales globally by the end of '26 that's their target at this point. >> is that more like what tesla -- how tesla uses the batteries? >> yes that's your standard -- that's the battery composition for the standard range model 3 and model y. so, you'll see this from all the automakers they're all gravitating towards, let's do lithium iron phosphate. you can still get, what, about 85%, 90% of the range that you would get from the other composition that is currently in use, and you don't have to worry about as much nickel, cobalt it just makes more sense, and i think when you look at what ford's decision is, this is a decision to say, we want to make more evs affordably priced, as affordable as possible, and bring down our costs at the same time >> and it gets produced in the u.s. importantly, right? so they can get the credits from the irs. >> yes, absolutely absolutely raw materials still remains an issue, but they've got unti

on the retail side, which is a smaller lfp audience, you know, they will qualify, whether it be 3,750e don't know yet. we're working on that. we really want to bring all the raw materials and all the processing here to the u.s., but that takes time. the good news is for commercial, they will all get the $7,500 for retail, they will qualify. it is just a matter of how much. >> jim, you already have a lot on your plate. you are investing $50 billion cumulativety through 2026. you are opening four battery plants you will be increasing your global production annual sales to $2 million annually by the end of 2026. last week we talked to redwood materials battery recycling form, former number two at tesla and we asked him based on what he sees in the ev industry, does more need to be done he says unequivocally yes, more needs to be invested do you see ford increasing its ev investments over the next couple of years even further than what you have already outlined >> yes i mean, we have made the capital allocation but that's really the easy part. the hard part is building these factories and

dieron que se formulario o no, y, por supuesto, si tÚ has its cheque, tuvieron que berta una carta lfp dieciocho. no hay apuro. podemos esperando todavÍa faltan muchas semanas para llegar cÉlibe y tambiÉn que la llames que no tenga la vida completa de cÓmo se va tratar esta forma de noventa y nueve y se daÑÓ cinco para poder hacer un puesto por le va a afectar en su reembolso, porque esto va a crear un cuello de botella para todas las personas que estÁn esperando procesar y cuando venga el grupo y procesal todo al mismo tiempo, no le va a llegar su reembolso esto causa que tengas ahora una octava carpeta exclusivamente para el pago de la plancha de tax por que tenga la notificaciÓn del aÑo es la forma diez noventa y nueve. y asÍ puedes ver. esper >> el departamento de policÍa en san cosa estÁ investigando un accidente mortal que ocurre hace poco alrededor de las nueve de la noche. este hecho ocurriÓ en la zona de montes reja g y la calle dos y el oficial es informaron que la vÍctima parece ser una persona sin hogar que estaba afuera del cruce peatonal. el conductor se quedÓ en la escen

>> i would start with the fact that the lfp technology is prevalent in the u.s. already.umer electronics devices. it is being imported today in some competitor ev's. this project is meant to de-risk the importation strategy by localizing it, building the technology here in the united states and in michigan. we have the ford industrial know-how and manufacturing capability that we will bring to bear and we are licensing the chemistry and technology from cat out, but most of the knowledge base will reside in michigan and the united states. caroline: they keep coming, the ev conversations. meanwhile, ferraris ceo told bloomberg that the italian supercar manufacturer is on track to unveil its first fully electric vehicle in 2025, saying elective occasion is a new way to provide customers with a unique driving experience. >> we have a plan. we have a lot of competencies in the company to keep developing cars at this rate. for economic, for performance. ed: speaking of ev's, how many did you see this weekend during the super bowl ads? we will talk about that coming up, from bre