Ford Pivots to Hybrids as EV Push Falters
- Ford delays production of 2 new electric vehicles from 2025 to 2027 due to low consumer demand
- Instead focusing on hybrid vehicles across Ford lineup to meet demand
- Ford's EV division lost $4.7 billion in 2022, while gas/hybrid division profited $7.5 billion
- Many companies overestimated demand and rushed in too fast with expensive EVs
- Trump vows to reverse Biden's EV mandate if elected, calling it "anti-jobs, anti-consumer"
