Ford (NYSE:F) is mitigating its pledge to go full-EV in Europe by 2030 and will continue to offer gas-powered vehicles and hybrids as adoption of electric vehicles in the region slows.
In a statement to Reuters, the company said, “we believe we need to offer our customers [internal combustion engine] and hybrid vehicle options beyond 2030,” and will continue to adapt our offerings as needed.
Two years ago, Ford (F) joined 27 other companies in a petition to ensure that all new cars and vans in Europe are zero emission beginning in 2035. The company also called on European governments to increase the EV charging infrastructure.
At that time, the company made a commitment to having zero emissions for all vehicle sales in Europe.
“Removing fossil fuel burning vehicles from the road is imperative for Europe reaching its goal of net zero emissions by 2050, and to help avoid the worst impacts of climate change on people and the planet,” the company said in a statement on May 17, 2022.
In Feb 2023, the company reaffirmed its commitment to an all-electric fleet in Europe by 2035.
But less than two years later, with its competitors still offering an attractive lineup of ICE vehicles and outdated Europe regulations resulting in a crippling dearth of charging stations, Ford (F) is taking a pause on its aggressive EV pivot and keeping its ICE/hybrid foot on the accelerator.
