As Ford struggles amid the industry’s shift to EVs, the automaker plans to lean into its hybrids. In a move that mirrors Toyota, Ford is scaling back its transition to EVs to bet on hybrids.
Despite Ford’s EV sales hitting a new record with 8,958 electric vehicles sold in November, the automaker is scaling back.
Ford sold more F-150 Lightning models last month (4,393) than it did in the entire third quarter (3,503). The Lightning edged out Rivian’s R1T for the top-selling electric truck spot through November.
Despite this, Ford’s CEO Jim Farley explained on the company’s Q3 earnings call that he’s “so thankful we have kept our foot on the has to freshen our ICE and HEV products as we enter a changing market.”
Farley added that Ford Blue (Ford’s ICE business) “will be strong and a growing business for years to come.”
The automaker’s leader said that although Ford remains “bullish on Model e and our EV future,” the market is “a moving target.”
Ford to lean further into ICE, hybrids
Ford recently scaled back several EV initiatives. The company’s CFO, John Lawler, added that Ford is “slowing down several investments,” including around $12 billion in EV spending.
Lawler reiterated the stance last month at the 2023 Barclays Global Automotive & Mobility Conference. He said the company is not changing its strategy but rather “changing the pace and flow” of capital and capacity put in place.
This includes cutting planned production at its Marshall plant by about half, reducing inverter and motor capacity, and pulling back on vertical integration plans.
Ford’s financial leader said the company will lean into hybrids as a “bridge” to EVs. The comments mirror Toyota, which has notoriously stuck to its hybrid stance. Despite plans to accelerate its pace over the next few years with new tech, Toyota’s EV sales accounted for just 1% of its total volume last month.
Lawler said Ford “became a little bit complacent” on hybrids. He said hybrids were always a big part of the mix, and “with EV adoption slower, hybrids are going to be a bigger part.”
Electrek’s Take
Ford’s financial boss is overlooking a key piece of info – EV adoption is not slowing. Recent research from BloombergNEF shows “reports of an electric vehicle slowdown have been greatly exaggerated.”
Passenger EV sales are expected to reach 14 million this year, climbing 35% from 2022. In the US, Ford’s biggest market by far, sales are growing even quicker, with 50% growth expected this year.
As the report notes, many legacy automakers have launched products that are “not competitive on price, range or features.” As a result, EV makers like Tesla, Rivian, and BYD continue gaining market share. EV leaders, including Tesla, BYD, and Li Auto, will account for 7% of global vehicle sales this year compared to just 1% in 2020.
Other legacy automakers, like Hyundai and Volvo, are doubling down on EVs with competitive, unique models.
Volvo is launching its cheapest and smallest vehicle, the EX30, with starting prices under $35,000. Despite its compact size, Volvo expects to see big demand for the electric car.
Ford is about to face new competition with Tesla’s Cybertruck rolling out and new Silverado and GMC Sierra electric trucks launching next year. This could be a reason for Ford shifting plans to focus on hybrids like Toyota.
Pushing back investments now while others are surging ahead could put Ford further behind as the industy shifts to an all-electric future.
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With the winter in full swing, it’s easy to spend most of the time indoors, but if you’re still looking to scratch that itch to get out and spend more time outside exploring, the XQi3 by NIU is the perfect solution to explore both trails and urban spots. On top of NIU designing the XQi3 with some great handling for off-road riding, it’s also fully street-legal.
It’s always a blast to be out in the trails enjoying nature but for urban areas, there’s usually a lot to explore and luckily the XQi3 is able to be registered as a moped. NIU has an EKHO Dealer collab that enables NIU to sell licensed and registered vehicles to customers directly, making it easy to ride off with a fully compliant street-legal bike.
Before we get into how it handles off-road let’s go through some of the quick specs.
The XQi3 has a top speed of 45 km/h for street-legal use and up to 80 km/h for off-road. Powering the bike is a removable 72v 32ah LG lithium-ion battery, which gives you a max range of 90km on a single charge, of course, that will vary depending on if you are in eco or sports mode, but it’s certainly plenty of range to explore new trails or new sites without having range anxiety, and since it is removable, you’ll be able to charge it anywhere, anytime.
Okay, now that we got some of those specs out of the way, it’s time to dive into one of the most exciting aspects about this bike which is just how great the handling feels while riding off road. This probably won’t be listed on a spec sheet but the wide grippy seat and overall design of this bike makes it very functional as an offroad bike.
NIU made this bike for riders to actually use offroad and one of the obvious signs of that is the stock skidplate that they added for more protection.
While the lightweight feel and torquey motor give a ton of confidence while riding, knowing that the bike is robust enough for this kind of riding is encouraging for trying out new sections that would normally feel intimidating.
And with that extra level of protection dropping the bike is not as worrying as you might think making it easy to pick up the bike, and continue riding just as you would on any other powersports bike.
As for the suspension the XQi3 uses adjustable front and rear KKE suspension that lets you fine-tune the compression, rebound, and preload depending on your size and what kind of riding you intend to do.
While riding through roots and loose dirt the 19-inch off-road tires hold up surprisingly well and with the tread patterns not being too aggressive it’s a great balance between traction and durability since very aggressive tread patterns typically wear out fairly quickly when using them on the tarmac.
And to brake the XQi3 features 203 mm rear disc brakes and 220 mm front disc brakes giving some great braking action for both on and off-road action.
NIU also added some great tech onto the XQi3 which includes seamless app connectivity via Bluetooth letting you unlock a world of features from monitoring your battery and vehicle status to tracking your route history.
In addition NIU is the only company in the category that has the ability to send out OTA updates.
For security the bike uses an NFC card to unlock but can also be unlocked via bluetooth.
And through your controls as well as the display you can navigate to eco or sport mode and you can also use the Ultraboost to get you up to 8000W up from the 3500W of rated power. Through the display you’ll also be able to check your battery level, speed, lap times and more.
For added safety, NIU included an emergency kill switch where if disconnected, the feature will automatically cut off power to the motor just in case of any emergency.
For those unfamiliar with NIU, the brand is now celebrating their 10 year anniversary and with that they’ve announced that the brand will be starting assembly in the US and is soon entering into the powersports segment .
Overall this is a great feeling offroad bike that is fully street-legal and comes with all the requirements to be fully compliant as a road-legal moped. I had a ton of fun exploring
With the XQi3, the premium build quality, long range, and flexibility make it a blast to go out even if it’s the middle of winter.
To check out NIU on socials you can find them @niumobility and for more of their lineup you can check out their website here.
NIU XQi3 gallery
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British telecom provider BT Group has committed to adding 3,500 new EVs to its commercial truck and van fleet over the next two years, bringing its total EV count to 8,000 units and giving it the largest electric vehicle fleet in the UK.
With more than 27,000 in its total fleet, BT Group is one of the largest operators of commercial vehicles of any kind – ICE or electric – in the UK. Now, the company says it has plans to become a fully net zero business by 2031, and looks to electrify all (or nearly all) of its vehicles over the next five years.
Company executives believe the addition of the new EVs (which will see a mix of vehicles deployed from Ford, Stellantis, Toyota, and Renault) will give it “the edge” as it aims to upgrade UK residents to full fiber internet.
“By integrating yet more electric vehicles into our operations, we are taking another significant step towards reducing our carbon footprint and supporting the UK’s transition to a greener future,” said Simon Lowth, Chief Financial Officer, BT Group. “As we extend our full fiber build from 16 million homes and businesses today to 25 million by the end of 2026, having the most efficient, sustainable electric vehicles will give our engineers the edge as they connect customers at pace to our next generation networks.”
As such, political supporters of the ban have been quick to sing BT Group’s praises. “We want to help more businesses decarbonize their operations,” explains Lilian Greenwood, Future of Roads Minister. “(We’ve) extended our plug-in van grant with £120m funding to help roll out more zero emission vans on our roads – part of our £2.3bn to support industry and consumers switch to EVs and make the transition a success.”
Schneider electric semis charging in El Monte, CA; via NACFE.
In a move that’s expected to play a crucial role in supporting the transition to medium- and heavy-duty electric vehicles, $100 million of the Biden Administration’s last-minute $635M payout is headed to Illinois to help build out an electric truck charging corridor.
Tesla is understood to have requested fully 40% of the $100MM award, with Prologis requesting $60 million, Gage Zero requesting $16 million, and Pilot requesting $10 million.
The project will facilitate the construction of 345 electric truck charging ports and pull-through truck charging stalls across 14 sites throughout Illinois, with each of the awarded companies putting up some of its own money to support the infrastructure buildout as well. To that end, Prologis is expected to invest $18 million, Tesla $19 million, Gage Zero $4 million, and Pilot travel stations committing $2.5 million.
“Most of the development has happened on the coasts, and there’s nothing really happening in the Midwest, which is not great for long-haul trucking,” said Megha Lakhchaura, Illinois’ state EV officer. “We think that this hub could be of national importance.”