American automaker Ford stepped towards the move to stop its three gas-powered models. This strategic decision took place because the company intended to make a way for its new electric vehicles.
At the same time, Ford is facing issues with respect to its EV rollout. While the automaker is speeding the development of its second-generation models.
Ford’s CEO Jim Farley validated in February that the automaker was developing its own in-house EV platform. This is to come up with the next generation of electric vehicles. When it comes company’s forthcoming EVs, the new architecture will support a new full-size electric pickup and three-row SUV.
On the other hand, Ford is retooling its Oakville assembly plant in Ontario. The measures to convert it into an EV and battery pack manufacturing hub.
Ford discontinuing three gas models to allow for new EVs
The time has come for Blue Oval brand Ford to escape the gas-powered. And route its way for a new generation of EVs, as per Automotive News.
The news came to notice after the last Ford Fiesta rolled off the assembly line last month after 47 years and eight generations. The step taken to create space at its Cologne, Germany, plant to build the new electric Explorer.
In addition to this, Ford announced its fully electric Explorer SUV in March. The starting price tag of the vehicle is under $50,000. This was only available in Europe.
Ford also showcased a new three-row electric SUV during Ford’s Capital Market Day. This possibly arrives with up to 350 miles range and a spacious interior. It is to be speculated that the electric SUV and EV pickup to help boost its share in key markets.
Talking about the already Evs range by the company includes the F-150 Lightning, Mustang Mach-E, and E-Transit electric van in the US. However, the company has already driven into a challenge this year.
As per its announced Q2 earnings, “The near-term pace of EV adoption will be a little slower than expected.” This significantly stretches the company’s 600,000 run rate goal until next year. Ford also delayed its electric Explorer launch in Europe until next summer.
