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As Ford loses billions on EVs, the company embraces hybrids

Ford Motor is planning to introduce more Hybrid models as it faces widening losses on its electric vehicle (EV) unit. CEO Jim Farley stated that the company will be releasing a lot more hybrid systems, driven by the success of its current gasoline-electric options. The popularity of hybrid systems for Ford's F-150 pickup and Maverick pickup has surprised the company, with more than 10% and 56% of customers, respectively, choosing the hybrid models. Despite the focus on EVs, Ford believes that offering hybrid options with added capabilities, such as its "Pro Power Onboard" system, will meet customer preferences.

The post As Ford Loses Billions on EVs, the company embraces hybrids appeared first on Balanced News Summary.



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As Ford loses billions on EVs, the company embraces hybrids

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