Ford takes $19.5bn hit amid electric vehicle retreat as Trump policies bite https://ift.tt/vbDfu8y Reuters Company to scrap several electric models and focus on gas and hybrid as US president pulls support for EVs Ford said on Monday it will take a $19.5bn writedown and is killing several electric-vehicle models, in the most dramatic example yet of the auto industry’s retreat from battery-powered models in response to the Trump administration’s policies and weakening EV demand. Ford, based in Dearborn, Michigan, said it will stop making the F-150 Lightning in its electric vehicle form, but will pivot to producing an extended-range electric model, a version of a hybrid vehicle called an Erev, which uses a gas-powered generator to recharge the battery. Continue reading... https://ift.tt/UPDNWt5 December 16, 2025 at 12:02AM

Company to scrap several electric models and focus on gas and hybrid as US president pulls support for EVs

Ford said on Monday it will take a $19.5bn writedown and is killing several electric-vehicle models, in the most dramatic example yet of the auto industry’s retreat from battery-powered models in response to the Trump administration’s policies and weakening EV demand.

Ford, based in Dearborn, Michigan, said it will stop making the F-150 Lightning in its electric vehicle form, but will pivot to producing an extended-range electric model, a version of a hybrid vehicle called an Erev, which uses a gas-powered generator to recharge the battery.

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from The Guardian https://ift.tt/vbDfu8y