Prediction: Ford Shifting Gears With EVs and Turning to Hybrids Will Benefit Investors in the Long Run

Ford (NYSE: F) 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.In addition to deciding not to go forward with its three-row electric SUV, the company announced a number of other planned changes. It will push back the successor of the F-150 Lightning to 2027, while it will begin production of a new electric van aimed at tradespeople and commercial users in 2026. It also plans to start production of a medium-sized electric pickup in 2026. Meanwhile, it will move battery production from Poland to Michigan to take advantage of tax credits. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool