Ford Motor delays production of all-electric SUV and pickup truck
Ford Motor is delaying production of a new all-electric large SUV and pickup truck to shift to offer hybrid options across its entire North American lineup by 2030 due to slower EV adoption and high production costs.
Key Points
- Ford postpones production of all-electric SUV and pickup truck to focus on hybrid options
- Shift in EV plans due to slower adoption and high costs
- Investing in new plants like "BlueOval City" campus in Tennessee for EV production
Pros
- Ford is committed to scaling a profitable EV business
- Investing in EVs and new plants for future production
Cons
- Delay in production due to slower EV adoption
- Higher production costs affecting plans