"Ford Shifts Focus: Delays EV Launches, Plans Full Hybrid Lineup by 2030"

Despite initial setbacks and lower-than-expected demand for electric vehicles, Ford is pushing forward with its electrification plans, including a low-cost electric vehicle project. The company's focus on hybrid vehicles has also proven successful, with an 86% increase in electric vehicle sales and a 42% rise in hybrid sales in the first quarter of 2024. Ford is continuing to offer ICE vehicles while expanding its hybrid offerings, and it plans to transition its Oakville Assembly Plant to produce three-row EVs in 2027. Additionally, Ford is preparing to launch a new electric truck and commercial vehicle, while a "skunkworks" team in California is developing a smaller, low-cost, profitable, flexible EV platform capable of underpinning multiple vehicles at high volumes.