In Europe, new vehicle buyers are opting for plug-in hybrids more than ever, with the Ford Kuga PHEV remaining among the most popular such offerings on the market. However, it isn’t the only hot hybrid in FoMoCo’s lineup, as it’s joined by the 2022 Ford Maverick Hybrid, which has enjoyed demand that has far exceeded the automaker’s expectations thus far as an incredibly hot commodity among new vehicle shoppers. The new-for-2021 Ford F-150 PowerBoost hybrid did indeed help Ford have its best hybrid sales result in the automaker’s illustrious history last year, and remains one of the most considered electrified vehicles on the market. This is really exciting for us to see the growth of not just our fully electric vehicles, but our successful expansion of PHEVs in Europe and China, and the HEVs, especially here in North America, like the very popular F-150 hybrid. This is a big change for us, but as far as hybrids and plug-ins, we’ve never been more committed and we continue to see our sales accelerate because of our investment in this technology.” alone last year, and we’ve already sold 36,000 just through April. “We sold nearly 88,000 hybrid vehicles in the U.S. “Well, first of all, hybrid has been and will remain a very important piece of our lineup at Ford and we have the strongest hybrid lineup ever,” Farley said. However, in the meantime, Ford has no intention to stop making hybrid vehicles either, as CEO Jim Farley revealed while speaking at the automaker’s 2022 shareholder’s meeting. General Motors said last week it expects some electric vehicles (EVs) will qualify for the $7,500 tax credit after the new guidance takes effect including the Cadillac Lyriq and the forthcoming Chevrolet Equinox EV SUV and Blazer EV SUV.Ford is in the midst of a major EV pivot that will see it transition its entire European passenger vehicle lineup to all-electric models by 2030 or sooner, with the automaker’s North American lineup inevitably following suit at some undetermined point in the future as well. Sales of Ford's electric vehicles jumped 41% in the first quarter, data on Tuesday showed. Treasury guidance issued on Friday triggers new requirements for critical minerals and battery components.įord said in March it expects its electric-vehicle business unit to lose $3 billion this year, but will remain on track for a pretax margin of 8% by late 2026. ![]() ![]() "We will make sure our products are able to use those subsidies," Stellantis CEO Carlos Tavares told reporters on the sidelines of the New York Auto Show adding the credits are a "major driver for the industry because it impacts the affordability." Stellantis said of its three plug-in hybrid electric models, its Chrysler Pacifica plug-in electric hybrid will qualify for $7,500 tax credits after April 18, while the Jeep Grand Cherokee 4xe and Jeep Wrangler 4xe qualify for just $3,750. The other models currently getting credits - Ford Mustang Mach-E, Ford E-Transit, Ford Escape Plug-In Hybrid and Lincoln Corsair Grand Touring - will see credits drop to $3,750. Out of six Ford vehicles, just the F-150 Lightning pickup truck and Lincoln Aviator Grand Touring will still be eligible for a $7,500 credit. battery production and supply chains away from China. China dominates the global supply chains of products like EV batteries and solar panels and the rules are aimed at moving U.S. ![]() The rules, which were unveiled Friday, were mandated by Congress in August as part of a $430 billion climate bill.
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