As a seasoned auto enthusiast and Ford loyalist with decades of memories tied to their vehicles, I must admit that this week’s announcements from Ford have left me scratching my head a bit. Delaying the Tennessee EV plant and cancelling an all-electric three-row SUV project certainly feels like a step backwards in the grand scheme of electric mobility.
As someone who has been closely following the automotive industry for years and has owned several gas-powered vehicles myself, I find Ford’s recent announcement intriguing. In my opinion, it appears that the company is making strategic moves to adapt to changing market trends. The decision to delay efforts in the electric vehicle (EV) market and instead focus on hybrid products could be a smart one, given the current challenges faced by EV manufacturers such as limited infrastructure, high costs, and battery technology constraints.
Ford Corporation has announced a new strategic direction in a recent press release aimed at investors. In the immediate future, the company will focus on developing hybrid vehicles. However, it also plans to lay the groundwork for electric vehicle initiatives as far into the future as 2026 and 2027, as outlined in the details below:
Additionally, the news announcement acknowledges the transition from the electric vehicle throw-roof SUV to a hybrid version. This change is driven by the desire to investigate more cost-effective battery technologies and parts, as the company currently prioritizes the development of hybrid vehicles.
It’s common knowledge that Ford’s electric vehicle (EV) division has been facing challenges as it works to introduce electric versions of its top-selling models. In fact, for the first half of 2024, Ford reported a significant loss of -194.8% in its EV sector. Additionally, Ford’s Model E EV segment is said to have cost the company approximately $4.7 billion in losses during the entire year of 2023.
It’s evident that Ford isn’t very optimistic about its performance in the electric vehicle market right now, but only time will tell if they can make a comeback by 2026 or 2027 as planned. Keep an eye out for more news on our electric vehicles beat – we’ll keep you updated!
Read More
- CORE PREDICTION. CORE cryptocurrency
- Top gainers and losers
- SYS PREDICTION. SYS cryptocurrency
- KUNCI PREDICTION. KUNCI cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- CFG PREDICTION. CFG cryptocurrency
- Best coins for today
- DOGE PREDICTION. DOGE cryptocurrency
- THOR PREDICTION. THOR cryptocurrency
- STFX PREDICTION. STFX cryptocurrency
2024-08-21 22:28