Ford to shift EV strategy by building new lower-cost pickup, commercial van ...Middle East

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Ford to shift EV strategy by building new lower-cost pickup, commercial van
source : Business Standard ( Middle East ) () 44
Facing competition from automakers with lower costs, Ford Motor Co is shifting its electric vehicle strategy and now will focus on making two new electric pickup trucks and a new commercial van. The company says all will cost less, have longer range and be profitable within a year of reaching showrooms. Ford, which is losing millions on its current EVs, gave few details about the new products. But it said production of its next generation full-size electric pickup truck in Tennessee will be delayed 18 months, until 2027. The company also says it won't build fully electric three-row SUVs due to high battery costs, but instead will focus on making those vehicles as gas-electric hybrids. The ot

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