Ford Motor Company is adjusting its electrification strategy with cost-cutting measures and a change in its vehicle lineup to handle reduced customer demand.
The Michigan-based manufacturer is scrapping its plan to roll out a three-row electric sport-utility vehicle and will instead be making hybrid SUV models meant to combine emissions reduction and performance. Ford is also delaying the launch of its next electric truck model to 2027, a year later than its expected release, and shifting its battery sourcing to help lower EV costs, the company announced Wednesday.
more Ford Scraps Electric SUV Plan as EV Demand Falters | National Review