Ford to delay all-electric SUV to focus on offering hybrid vehicles across its lineup by 2030

The automaker is instead focusing on offering hybrid options across its entire North American lineup by 2030.

Ford says it will continue to invest in EVs, but the shift comes as the entire automotive industry has been rethinking plans for electric vehicles.is delaying production of a new all-electric three row SUV, as it shifts to offer hybrid options across its entire North American lineup by 2030.it will continue to invest in EVs, but it is postponing production of the large SUV at a plant in Canada from 2025 to 2027 to allow for the market to mature more.

"As the No. 2 EV brand in the U.S. for the past two years, we are committed to scaling a profitable EV business, using capital wisely and bringing to market the right gas, hybrid and fully electric vehicles at the right time," said Jim Farley, Ford president and CEO."Our breakthrough, next-generation EVs will be new from the ground up and fully software enabled, with ever-improving digital experiences and a multitude of potential services.

In the first quarter of 2024, Ford's electric vehicle sales increased by 86% from subdued levels a year earlier. Hybrid sales for the automaker rose 42% year over year, while sales of Ford's traditional vehicles with internal combustion engines were up 2.6%.Why hybrid sales surge as EV sales flattenPowerball

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