Ford slams the brakes on its pure EV plans – and is taking the hybrid road instead

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Ford is the latest major automotive player to scale back ambitious plans for future electric vehicles, stating that it has scrapped an all-electric, seven-seat SUV to rival those from Kia and Volvo, as well as delaying the successor to its F-150 Lightning electric pick-up truck until at least 2027.

The latest move comes as Ford says it would not be able to reach a profit on the large all-electric SUV in the desired timeframe, so has written the $1.9bn investment off as a loss for now.

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