Ford Abruptly Axes Electric SUV Plans Over Slowing Demand, Despite Billions from Biden-Harris Admin
Ford Motor Company announced Wednesday that it is canceling plans to develop an all-electric three-row SUV amid slowing consumer demand, despite the billions of dollars in tax incentives and direct subsidies the automaker has received to scale up EV production. The announcement—which the Michigan-based company characterized as a way in which it “broadens” its electrification