Ford’s announcement in August that it would be shifting its focus from all electric vehicles to hybrid models has changed the gears of the world’s energy dynamics with other carmakers hinting at the possibility of adopting similar strategies.
“As the global leader in pickup trucks, we are future proofing this valuable franchise across all sizes with hybrid, electric and other electric propulsion giving individual customers and businesses choice based on how they used their trucks,” explained Ford President and CEO Jim Farley.
In the process, Ford will reduce its annual capital expenditure on electric technology from 40% to 30% with hybrid vehicles delaying the carmaker’s next generation electric F-150 by 18 months to 2027, when the first all-electric Ford Ranger is set to be launched.




