Posted 4/4/2024, 3:34:10 PM
Ford Pivots Towards Hybrids as EV Growth Slows
- Ford is delaying production of at least two new electric vehicles and pivoting more towards hybrids
- Sales of electric vehicles are growing but at a slowing pace recently
- Automakers are having difficulty profitably making enough electric vehicles to meet demand
- Many car buyers are choosing hybrids instead, which are easier to transition to from gasoline vehicles
- Ford plans to offer a hybrid version of every model by the end of the decade
