FCA loses a staggering $20,000 on every one of its all-electric cars

Automakers are rapidly embracing an all-electric future. But there’s a catch: Nobody has figured out how to make a profit on electric cars.

On Monday, General Motors pledged that it would unveil 20 new electric cars by 2023, effectively committing the company to an all-electric portfolio at some point in the future. GM Vice-President Mark Reuss said that the carmaker would be profitable in the undertaking.

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