Ford CEO Jim Farly says he is not-so-confident about the long-term market viability of an all-electric Mustang, as well as EVs coming to replace other traditional vehicles.
For one thing, Farly argues, EVs make poor Transit vans and farmers’ pickup trucks due to their inherent design limitations. They are too heavy to be practical in a whole range of applications. Synthetic fuels or hydrogen could be the answer, but automakers will need to consider carefully what kind of new fuel source would be the most affordable and the least nature-harming in the long term.
Speaking at a recent conference, Farly also opined that abandoning your diverse product portfolio and rerouting all your resources towards developing just one experimental powertrain type was wrong from the strategic planning standpoint. Rather than putting all their eggs in one basket, automakers would be better off diversifying their pursuits.