As Ford loses billions on EVs, the company embraces hybrids

  • 📰 CNBC
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 72%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Ford's hybrid hype runs counter to recent messaging from the Detroit automakers, which have touted the performance and popularity of all-electric favorites.

To be clear, Ford isn't turning away from its much-touted EV push, though it said Thursday that itsBut even as it spends billions to ramp up EV production, it's planning to bring more hybrid options to market – driven by the success of its current gasoline-electric options.

Ford also offers a hybrid version of its small Maverick pickup. That has been an even greater success, Farley said, with more than half of Maverick buyers — 56% — choosing the $1,500 optional hybrid powertrain over the standard four-cylinder engine."What the customer really likes is when we take a hybrid system that's more efficient for certain duty cycles and then we add new capabilities because of the batteries," Farley said.

An available 7.2-kilowatt onboard generator that Ford is calling the "Pro Power Onboard" features four 120V 20A outlets and one NEMA L14-30R 240V 30A on the 2021 Ford F-150. The truck is available with three levels of electrical output depending on engine choice."We're seeing a lot of customers like that combination of using the batteries for something beyond just moving the vehicle," Farley said. "And so we're just listening to the market.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mercedes-Benz CEO Ola Källenius on EVs Reinventing the Three-Pointed StarWe asked the Mercedes-Benz top boss about revitalizing the company that invented the original internal combustion engine automobile.
Source: MotorTrend - 🏆 230. / 63 Read more »