Ford Cancels Electric SUV, Delays EV Pickup

Volkswagen said this week it would wait to see where EV demand goes before building out the last three of its six planned battery factories. And now Ford has also cancelled its planned electric SUV and delayed production of an all-new electric pickup, according to CNBC, moves Ford now believes could cost up to $1.9 billion.
But Ford isn't giving up. Ford's COO told CNBC Thursday that "We're quite convinced that the highest adoption rates for electric vehicles will be in the affordable segment on