Kris Holt joined Engadget as a contributing reporter on the news desk in 2018. He has been writing about technology, games, streaming and entertainment for over a decade after starting his career as a sub-editor on a local newspaper. Kris holds a Master of Arts degree in English from the University of Dundee.
by two years until 2027 but now the automaker has scuttled that model entirely. It's pivoting to using hybrid tech in its next three-row SUVs. Ford expects the decision to cost up to $1.9 billion in special charges and expenses.
In addition, Ford is delaying the rollout of a next-gen electric truck from 2026 until the second half of 2027. This model will build on what the company has learned from theand include"features and experiences never seen on any Ford truck." Among those will be improved aerodynamics and an upgraded bi-directional charging capability. Ford says delaying the electric pickup will let it take advantage of lower-cost battery tech and other cost efficiencies.
Ford also plans to release a medium-sized electric pickup, the first production vehicle that's based on a lower-cost platform designed by a skunkworks team, in 2027. According to, Ford expects the EV platform to help it produce several profitable models. That could help it compete with Chinese electric vehicle makers, which Ford CEO Jim Farley claims benefit from a lower-cost supply chain.
The shift in strategy comes as Ford attempts to mitigate losses on its current electric models while ensuring EVs it makes in the future turn a profit. The EV division is on track to lose $5 billion this year amid lower-than-expected demand. Ford is also slashing capital spending on EVs from 40 percent of its budget to 30 percent.
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