Ford Motor Co. announced on Thursday that it is delaying the production of two new electric vehicles and that it will instead focus on making more hybrid vehicles as consumer demand for electric vehicles continues to plummet.
The launch of at least two new three-row electric vehicles will be delayed from 2025 to 2027, the company said in a statement.
“The additional time will allow for the consumer market for three-row EVs to further develop and enable Ford to take advantage of emerging battery technology,” the company claimed.
“In parallel, Ford is expanding its hybrid electric vehicle offerings,” the company said. “By the end of the decade, the company expects to offer hybrid powertrains across its entire Ford Blue lineup in North America.”
The New York Times reported:
Ford’s electric vehicle business lost $4.7 billion before interest and taxes in 2023. By contrast, the…
