Ford Motor Company announced that it is delaying the production of two new electric vehicles (EV) and is shifting its focus to hybrid vehicle production.
Its launch of three-row electric vehicles has been delayed from 2025 to 2027, the company said in a statement.
“Preparations continue for the market launch of Ford’s all-new three-row electric vehicles at the assembly complex in Oakville, Ontario, which the company said it will re-time to 2027 from 2025,” the statement reads. “The additional time will allow for the consumer market for three-row EVs to further develop and enable Ford to take advantage of emerging battery technology, with the goal to provide customers increased durability and better value.”
Ford separately said it is also delaying its EV truck deliveries until 2026. Production was initially slated to begin in 2025.
“In parallel, Ford is expanding its hybrid electric vehicle offerings,” the company noted. “By the end of the decade, the company expects to offer hybrid powertrains across its entire Ford Blue lineup in North America.”
Ford lost almost $4.7 billion on EVs in 2023, according to a report from Reuters.
Between January and March, new vehicle sales increased 5.1% in the United States, although sales of electric vehicles slowed.
Much of the hesitation toward EVs is due to their limited range and charging infrastructure, as Ivan Drury, Edmunds’ Director of Insights, said.
“That’s where all of those headwinds come in that we’ve seen in survey data,” Drury stated. “Those real-world concerns about charging infrastructure, battery life, insurance costs.”
