Ford doubles electric vehicle investment to $22 billion through 2025PHEV can help automakers meet regulatory compliance requirements such as CAFE in the U.S. and Euro 7 in Europe short term. However, longer term PHEV is not an appropriate substitute for BEV and is a drain on automakers' capital budgets. One research study in Europe said "Plug-in hybrids are fake electric cars, built for lab tests and tax breaks, not real driving".
This is where GM did the right thing. By cancelling all hybrid and PHEV projects, they were able to re-allocate those resources to BEV projects, thereby bringing BEV products to market faster. Jim Farley's statement that Ford is now "all in" with BEV suggests that Ford may follow GM's lead.Fri, 05 Feb 2021 16:31:05 +0000
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