Ford Delays Rollout of New EVs, Shifts Focus to Hybrid Vehicles
TL;DR Summary
Ford is delaying the production launch of its planned three-row electric SUV from 2025 to 2027 and expects customer deliveries of the all-new electric pickup truck to begin in 2026, citing waning demand for EVs. The automaker, which lost about $4.7 billion on EVs last year, aims for its next generation of EVs to be profitable within 12 months of their launch and plans to spend less on making larger EVs by focusing on "geographies and product segments where we have a dominant advantage, like trucks and vans."
- Ford postpones rollout of some new EVs as demand wanes Fox Business
- Ford Slows Its Push Into Electric Vehicles The New York Times
- Ford delays new EVs once more, showing why legacy automakers need to adopt a startup mentality TechCrunch
- Ford to delay all-electric SUV, truck to focus on offering hybrid vehicles across its lineup by 2030 CNBC
- Ford delays next-gen EV offerings as it pushes further into hybrids Yahoo Finance
Reading Insights
Total Reads
0
Unique Readers
2
Time Saved
1 min
vs 2 min read
Condensed
77%
384 → 88 words
Want the full story? Read the original article
Read on Fox Business