Ford made one major decision about electric vehicles that left Joe Biden speechless

Ford is a willing partner in Joe Biden’s electric vehicle agenda.

But the reality of the automotive market is forcing them to reassess their position. 

And Ford made one major decision about electric vehicles that left Joe Biden speechless.

Ford is trying to work hand in hand with President Joe Biden to make his electric vehicle dreams a reality.

Biden traveled to a Ford manufacturing plant in Dearborn, Michigan in 2021 where he took the company’s F-150 Lightning truck for a test drive.

“Look, the future of the auto industry is electric. There’s no turning back,” Biden said at the time.

Ford eagerly accepted more than $10 billion from the Biden administration to help build new battery plants in Kentucky and Tennessee.

Now the automaker is being forced to rethink its electric future because of market realities.

Ford announces more electric vehicle delays

Ford announced that it was postponing two highly anticipated electric vehicles from 2025 to 2027.

The automaker is pushing back the launch of a pair of planned three-row electric SUVs that were going to be built at its Oakville, Ontario production facility.

SUVs are among the most popular – and most profitable for automakers – gasoline-powered vehicles on the road.

“The additional time will allow for the consumer market for three-row EVs to further develop and enable Ford to take advantage of emerging battery technology,” the company said in a statement.

Instead, the company is focusing on expanding its lineup of hybrid vehicles.

Ford also announced that its all-new electric pickup truck to be assembled in Tennessee is being pushed back from late 2025 to 2026.

Automakers getting a wake-up call from drivers about electric vehicles

Automakers have been ramping up production of electric vehicles to meet Biden’s ambitious goals for the industry.

However weak consumer demand and growing losses are forcing Ford and other companies to shift directions.

“Ford’s electric vehicle business lost $4.7 billion before interest and taxes in 2023. By contrast, the division that makes gasoline and hybrid vehicles for consumers made a $7.5 billion profit,” The New York Times reported.

Biden touted the F-150 Lightning truck but Ford is losing about $38,000 on every one the company sells.

One of Ford’s planned battery plants in Kentucky has been indefinitely postponed.

And production has been cut for the electric F-150 with workers at the Dearborn plant transferred to a nearby production facility to work on gasoline-powered trucks and SUVs.

Guidehouse Insights transportation analyst Sam Abuelsamid told The Times that automakers got ahead of their skis going electric.

“Many companies rushed in too fast with E.V.s that were too expensive and there was not as much of a market for them as they thought,” Abuelsamid said. “That’s made it a lot tougher to sell those vehicles.”

Ford joins a long list of automakers including GM, Mercedes-Benz, Honda, and Bentley who have postponed or scaled back their electric vehicle goals.

The auto industry is being forced to adjust after consumers gave these expensive, unreliable Bidenmobiles the cold shoulder.

*Renewed Right Official Polling*

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