"While Ford did share plans that it was not moving forward with a new electric commercial van to be sold in Europe, the company also stressed its commitment to its Universal EV Platform, and shared that the first vehicle to use that platform would be a midsize truck available for sale in 2027. That's something that could actually achieve what the company has promised for years: an inexpensive electric truck."
"As part of the recent announcement, Ford said it has ended production of the increasingly expensive all-electric F-150 Lightning; it will be replaced by an extended-range EV, which runs on electricity but features a gasoline engine that acts as a backup generator. Another big takeaway from Ford's announcement is its plan to launch a business focusing entirely on battery energy storage."
Ford is adjusting its electric-vehicle strategy by trimming planned models while reaffirming commitment to its Universal EV Platform. The company canceled plans for a new electric commercial van for Europe and ended production of the all-electric F-150 Lightning. The Lightning will be replaced by an extended-range EV that runs on electricity but includes a gasoline engine as a backup generator. Ford said the first vehicle on the Universal EV Platform will be a midsize truck slated for sale in 2027. Ford will also launch a battery energy storage business and reallocate some battery manufacturing capacity to that effort while continuing battery supply for upcoming EVs.
Read at InsideHook
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