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Ford CEO Admits Automakers Misjudged Consumer Demand for Electric and Hybrid Vehicles

Speaking to Yahoo Finance, Ford Chief Executive Officer Jim Farley said companies pushed electric and hybrid vehicles despite lower customer interest.

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Terms & Concepts
  • Electric Vehicle (EV): A car powered entirely or partly by electricity, typically using rechargeable batteries instead of internal combustion engines.
  • Hybrid Vehicle: A car that combines a gasoline engine with an electric motor to improve fuel efficiency and reduce emissions.