Ford is making major changes to its electric vehicle strategy | CNN Business

CNN  — 

Ford on Wednesday acknowledged America’s electric vehicle market just isn’t what the automaker expected it to be: Customers are increasingly price-conscious and range-anxious. So, Ford is making big changes to its EV plans, focusing on hybrids and affordability.

The company announced Wednesday that it is adjusting its roadmap for North American vehicles to include a broader range of electrification options, including lower prices — and longer ranges.

Ford ditched plans for its next lineup of all-electric SUVs, replacing them with hybrid models, which typically offer shorter battery range but longer overall range when

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