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Ford said in October it would postpone $12 billion in EV investment due to slowing demand.
  • Ford said Thursday it’s delaying the release of new three-row EVs by two years.
  • It’s not the first time the auto giant has hit the brakes on electric vehicles.
  • Sales growth for by&rid cars is outpacing EVs this year.
  • Ford said Thursday it’ll push back the release of its upcoming three-row electric vehicles by two years — from 2025 to 2027.

    At the same time, the company said it is working on expanding its hybrid offerings, with more models expected across its lineup in North America by the end of the decade.

    Ford’s already-established hybrids have become something of a saving grace for the company as EV demand softens. The company has pulled back from some bigger EV ambitions while placing more emphasis on the hybrids that customers are clamoring for.

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    A still-in-the-works BlueOval City campus in Tennessee will produce the sheet metal stampings for its new electric truck, which will deliver in 2026, Ford said.

    Ford is also expanding an Ohio plant to make room for EV production in 2025, the company said, while a skunkworks team in California is developing new EV platforms.

    It’s not the first time Ford has hit the brakes on EVs. In October, the auto giant paused a $12 billion investment in the sector, saying electric vehicles were too expensive and that demand was slowing — as fellow automakers echoed its cautious tone.

    Sami Noori

    Sami is the Founder and Editor-ln-Chief of FX Newsroom. He has extensive experience as a financial writer focusing on the forex and CFD industry. Sami graduated with a BSc in Economics and an MSc in Economic and Financial Analysis from the Manchester Metropolitan University and has also worked at some of the industry's most prominent UAE-based trading providers.

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