It's easy for companies to make dramatic claims and pledges for future strategies, but when new information becomes available, they need to be just as willing to adjust those pledges. That's the scenario Ford Motor Company (NYSE: F) faces with its electric vehicle (EV) strategy in Europe, where it once made a pretty dramatic claim.

But here's why it has 5.5 billion reasons to change that strategy, and it appears that it will.

In 2021, Ford announced its goal to sell only EVs in Europe by the end of 2030. That was ambitious compared to the European Union's own goal of allowing only EVs to be sold after 2035.

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Source Fool.com