Ford announced it would be slowing its production targets for its electric vehicle line.

<div class="block">Ford announced it would be slowing its production targets for its electric vehicle line.</div>

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Ford Set to Slow Down EV Production

Ford announced it will be slowing down its production targets for its electric vehicle lines during its second quarter earnings call the automaker previously targeted a rate of manufacturing more than 2 million evs per year by the end of 2026. Ford now expects ev manufacturing of new evs to be closer to 600,000 next year. Ford C CFO excuse me, John Lawler says the transitions to EV is happening. It just may take a little longer.