Farley says two row ICE crossovers going away

[Automate]

FORD CEO FARLEY SAYS TWO ROW ICE CROSSOVERS GOING AWAY

We knew the Edge was going away and there were rumors about the Escape

But what does he mean by this? Is he including Hybrids and Plugin-Hybrids since they have an ICE? What about the Escape and Bronco Sport? Will they be electric only?

Will the Maverick be the only C2 platform ICE?

https://fordauthority.com/2023/02/ford-ceo-farley-says-company-is-done-with-two-row-ice-suvs/

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[commadorebob]

I'd be willing to bet the vast majority of miles driven in that class of vehicle is local. So, an EV would make sense. Families who travel a lot likely prefer larger vehicles and thus the ICE range is more conducive.

The question will be if Ford can make an EV Escape price comparable to the ICE version as most people buying a "low end" vehicle won't make enough to qualify for the EV tax credit.

 

[Maverickman74]

I'd be willing to bet the vast majority of miles driven in that class of vehicle is local. So, an EV would make sense. Families who travel a lot likely prefer larger vehicles and thus the ICE range is more conducive.

The question will be if Ford can make an EV Escape price comparable to the ICE version as most people buying a "low end" vehicle won't make enough to qualify for the EV tax credit.

Wait the tax credit only applies to higher income. That would mean they dont want people to drive EVs. Ice for the win.

 

[ford5]

We’ve owned two Edge’s and they are very comfortable road cars. Much more so than the Escape. Many don’t need a three row SUV. Seems to me a hybrid Edge would be perfect for many.

 

[Automate]

Wait the tax credit only applies to higher income. That would mean they dont want people to drive EVs. Ice for the win.

The US EV tax credit applies to most who pays federal income tax. But, lower income people can not take full advantage of the $7500 credit since they usually don't pay the full $7500 in federal taxes in a year and the credit can not be rolled over to the next year.

 

[Shay]

Not a big secret. With California and it's 18-state posse going all ZEV new light vehicle sales (EV and PHEV only) by 2035, there is really no wise money spent developing many new 100% new ICE vehicles going forward.

For crossover or C platform, Bronco Sport will continue, Maverick will continue as they are considered part of their "icon" collection. At some point a plug-in hybrid will be the only version of them available if they want to play in 2/3 of the automotive market in the US.

All other new light vehicle development time and money is being spent for 100% EVs. Period.

 

[commadorebob]

Wait the tax credit only applies to higher income. That would mean they dont want people to drive EVs. Ice for the win.

Yep, it's a non-refundable tax credit. So, it only offsets your tax bill. If you don't make enough to owe taxes, you won't qualify for any of it and you pay full price for the EV. But if you make too much, you also won't qualify and you pay full price for the EV.

 

[cavemold]

I mean yea obviously …. I don’t think they consider maverick a crossover though . He really means suvs and escapes , etc will the maverick go ev full time by 2029 I think so

 

[Darnon]

The US EV tax credit applies to most who pays federal income tax. But, lower income people can not take full advantage of the $7500 credit since they usually don't pay the full $7500 in federal taxes in a year and the credit can not be rolled over to the next year.

Unless they lease. Ford was passing on the credit as a rebate for the Escape PHEV, but not the Mach-E.

 

[OleFordGuy]

Not a big secret. With California and it's 18-state posse going all ZEV new light vehicle sales (EV and PHEV only) by 2035, there is really no wise money spent developing many new 100% new ICE vehicles going forward.

For crossover or C platform, Bronco Sport will continue, Maverick will continue as they are considered part of their "icon" collection. At some point a plug-in hybrid will be the only version of them available if they want to play in 2/3 of the automotive market in the US.

All other new light vehicle development time and money is being spent for 100% EVs. Period.

ICE vehicles will be around for quite a long time (hallelujah), https://www.autoweek.com/news/industry-news/a42746723/why-gm-is-launching-a-new-small-block-v8/

even the POTUS mentioned continuing need for it in the State of Union Address https://www.bloomberg.com/news/arti...of-the-union-speech-that-oil-demand-to-endure

Screw California and the others that want to follow the EV only dream

 

[Old Man]

The US EV tax credit applies to most who pays federal income tax. But, lower income people can not take full advantage of the $7500 credit since they usually don't pay the full $7500 in federal taxes in a year and the credit can not be rolled over to the next year.

Jan 2024 the rebate changes to the dealer doing the rebate as part of the sale so that lower income people can take full advantage. Plus the IRS doesn't have capacity to process all the extra EV forms.

 

[Shay]

ICE vehicles will be around for quite a long time (hallelujah), https://www.autoweek.com/news/industry-news/a42746723/why-gm-is-launching-a-new-small-block-v8/

even the POTUS mentioned continuing need for it in the State of Union Address https://www.bloomberg.com/news/arti...of-the-union-speech-that-oil-demand-to-endure

Screw California and the others that want to follow the EV only dream

Both are correct.

Large trucks and SUV's will continue long term to use ICE powertrains primarily. The ACC that will push most consumer cars and crossovers to ZEV status doesn't apply to heavy trucks over 8500 pound GVWR. In those product ranges it will still make sense for automakers to offer pure ICE product as some states like Texas which is not an ACC state, the market is large enough alone to justify a unique product. Furthermore, vehicles with an 8500 pound GVWR or higher fall under ACT "clean trucks" which has a different scale of smog and emissions requirments - why the new small block V8 from GM.

By 2035 however when the ACC takes full effect, all new vehicles sold in those states will have to be ZEV which means even a Chevrolet Silverado 1500 or Tahoe would have to offer a PHEV powertrain to be sold in those states.

So as Biden said, pure ICE gasoline vehicles aren't going anywhere anytime soon - but.....if it has less than an 8500 pound GVWR they are going to be getting scarce in the coming decade.

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