Ford cancels some electric SUVs in favor of hybrid models—but it’s not abandoning EVs entirely
To improve profits, the automaker is revamping its EV strategy.
As U.S. carmakers face slowing EV sales, they’re rethinking their electric plans. Ford is the latest company to make this adjustment, announcing Wednesday that it plans to prioritize hybrid technologies for its next SUVs, and will slash a planned all-electric model. Still, the car company is planning to roll out new EVs—including one with a focus on affordability.