Ford just put its EV plans in reverse

Ford

• Ford's plan to replace electric SUVs with hybrids will cost the company nearly $2 billion.
• Ford's next electric pickup truck won't start production until 2027.
• The strategy shift comes amid lots of growing pains in the EV market.

Ford has changed its electric vehicle strategy again, canceling long-held plans for electric three-row SUVs and delaying production of its next electric pickup truck.

In a strategy...