Prediction: Ford Shifting Gears With EVs and Turning to Hybrids Will Benefit Investors in the Long Run
FFord Motor(F) The Motley Fool·2024-08-29 16:05

With EV growth slowing, this looks like a great move.Ford (F -0.90%) recently announced that it is scrapping plans for a three-row electric SUV and instead will look to introduce the vehicle as a hybrid. The move is part of a broader strategy shift that will see the automaker shift more resources toward hybrids and away from electric vehicles (EVs).My prediction is that this will turn out to be a very good move for Ford going forward, despite the cost of the change of plans.Changing plansIn addition to deci ...