The Ford Motor Company is canceling plans for an electric three-row SUV and is instead replacing it with hybrid models as car manufacturers adjust to a market with less-than-expected EV demand.
Previously, the auto giant had said it would delay plans for the new electric vehicle by two years, for a 2027 release date. On Wednesday, however, Ford announced it will be scrapping the model altogether, citing cost-conscious EV customers and amplified pricing pressures.
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