Ford Is Rolling Back Some of Its EV Plans. Here's What You Need to Know

Key Takeaways Ford's (F) electric vehicle strategy is changing gear. The automaker announced a major shift in its EV plans late Monday, with the company expecting to take on about 19.5billioninonetimechargestoaccountforthecostsofarestructuringplanthatwillseetheautomakerfocusmoreonhybridandpluginvehicles,whilepullingawayfrompureEVs.Fordsaiditplanstorecognizemostofthe19.5 billion in one-time charges to account for the costs of a restructuring plan that will see the automaker focus more on hybrid and plug-in vehicles, while pulling away from pure EVs. Ford said it plans to recognize most of the 19.5 billion in charges during the fourth quarter, with about $5.5 billion in cash effects to be pa ...