Ford announced it will be slowing down its production targets
for its electric vehicle lines during its second quarter earnings call
the automaker previously targeted a rate of manufacturing more than
2 million evs per year by the end of 2026.
Ford now expects ev manufacturing of new evs to be closer to 600,000 next year.
Ford C CFO excuse me, John Lawler says the transitions to EV is happening.
It just may take a little longer.