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Ford delays new EVs once more, showing why legacy automakers need to adopt a startup mentality
Ford is unusual in that it performs best when thinking like a startup, something it appears to have taken to heart recently, EV delays notwithstanding.
Then on an earnings call in February, CEO Jim Farley said, “Hybrids will play an increasingly important role in our industry’s transition and will be here for the long run.” That’s the sort of sober talk that shareholders love to hear. Wall Street is likely to cheer the move, especially after Toyota reported that its year-over-year sales in the United States rose 22% on the back of strong demand for hybrids. When the EV started taking shape nearly a decade ago, the original plan was to build a perfectly sensible crossover powered by an electric motor at the front.
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