Ford is delaying some of its EV product launches in favor of delivering hybrid versions of all its Ford-branded vehicles by 2030 as interest grows in hybrid vehicles as a prologue to a complete shift to electric vehicles.
Keeping up with megatrends changing the mobility industry is forcing suppliers to move away from highly profitable ICE-related products to future ones with less-certain revenue potential. It’s a bit of gamble either way.
Carbon neutrality isn’t something that is achieved by an OEM its own; inputs from suppliers must be assessed. When one of those inputs is steel, there is a lot of carbon that needs to be considered.
The agreement with the California Air Resources Board represents a break with the past for Stellantis and Fiat Chrysler, its principal unit in North America, which had opposed tighter regulations for light-duty vehicles.