Ford’s electrical three-row SUV that was postponed earlier this 12 months is now formally canceled. It’s solely one in every of Ford’s EV- and hybrid vehicle-related bulletins as we speak.
Along with the SUV’s pre-launch loss of life, Ford mentioned it’s delaying manufacturing for its next-generation electrical pickup constructed on the T3 platform. This is able to-be Lightning successor (constructed on a devoted EV platform as an alternative of a modified F-150 one) is alleged to be pushed again by about 18 months into late 2027. A midsize truck underneath growth by a Ford “skunkworks” group in California (with the goal being affordability) can be scheduled to launch in 2027.
As an alternative of the three-row electrical SUV, Ford says it’s turning consideration to hybrid autos for future three-row choices. There’s no timeline, however Ford’s assertion says to count on “breakthrough effectivity, efficiency advantages and emissions reductions versus pure fuel autos and prolong the vary of the car on street journeys relative to pure electrical autos.” Ford additionally said that it might present an replace on the corporate’s electrification plans within the first half of 2025, so maybe we’ll be taught extra subsequent 12 months.
All that mentioned, Ford stays dedicated to updating and evolving its present EVs, the Mustang Mach-E and F-150 Lightning. It additionally plans to start manufacturing of a next-generation industrial van in 2026 at its Ohio Meeting plant. And whereas Ford was initially meant to start car meeting at its big Tennessee manufacturing facility subsequent 12 months, now it solely plans on battery cell manufacturing there in 2025.
These strikes will price Ford financially, as the corporate says it “will take a particular non-cash cost of about $400 million for the write-down of sure product-specific manufacturing belongings for the beforehand deliberate all-electric three-row SUVs.” Ford additionally says such actions may lead to extra bills and money expenditures of $1.5 billion. By way of total spending, Ford says it’ll scale back its annual money expenditures on EVs from 40% to 30%. In the end, Ford believes these strikes as we speak will assist it ship a worthwhile EV enterprise sooner or later.
