Ford delays some electric vehicles, renews focus on hybrids

[ad_1]

Ford only announced another delay for electric cars, including the long-awaited three-row SUV. The car was supposed to come out next year but has now been delayed until 2027, with the company saying it will use the extra time to “take advantage of emerging battery technology.” Ford said it will be taking steps to “minimize the impact of the delay” on Canadian workers.

The next-generation electric car, called “T3,” is also delayed from late 2025 to 2026. It is being built at the Tennessee Electric Vehicle Center at the company’s BlueOval City complex, although Ford says it is setting up its own printing equipment. they will make sheet metal for the car.

Along with these announcements, the company has unveiled a new range of hybrid vehicles. It has said it plans to offer hybrid powertrains on all of Ford’s Blue models by 2030. Despite the aforementioned delay and the introduction of hybrid vehicles, Ford says it remains committed to EVs and continues to build batteries in Michigan, Tennessee and Kentucky. .

However, it is no secret that the EV market is not as strong as the industry had hoped. Maybe it’s the high cost of entry, charging stations or the fact that some EVs don’t qualify for the federal tax. Heck, maybe consumers are just turned off by a Another CEO who shall not be named.

In any case, the delay is real, albeit slightly exaggerated. Ford met with a a decrease in EV sales of 11 percent in January, but the company says it has bounced back and sales are up 86 percent in the first quarter compared to last year. However, the EV industry offers lost $4.7 billion in 2023.

“We are committed to growing a profitable EV business”, said Jim Farley, President and CEO of Ford. To that end, the company announced last year that it would either slow down or stop production. $12 billion in planned spending on electric vehicles. It is unclear how today’s announcement will affect Ford’s plans increase production to 600,000 EVs per year. Either way, customers now you can use the Tesla Supercharger in the US and Canada, which should help solve some of the infrastructure problems.

This article contains affiliate links; If you click on such a link and make a purchase, we may find a service.

[ad_2]

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *