US EditionFord’s EV retreat highlights industry dilemma: Build for the US or the world?
- Ford has ended production of the all-electric F-150 Lightning, moving to produce an Extended Range Electric Vehicle instead, which will have a 700-mile range, according to CEO Jim Farley.
- Ford anticipates a $19.5 billion negative impact from this shift, mainly due to lower demand for large electric vehicles, as stated in their press release.
- The company plans for 50% of its global volume to consist of hybrids, EREVs, and EVs by 2030, increased from 17% in 2025, as mentioned in the release.
- Changes include the Tennessee Electric Vehicle Center being renamed to produce gas-powered trucks, reflecting Ford's pivot toward more traditional vehicles amidst reduced EV demand.
192 Articles
192 Articles
Ford cancels EV battery deal worth $6.5 billion with South Korea's LG Energy Solution
SEOUL, Dec 17 : South Korea's LG Energy Solution said on Wednesday that Ford Motor has terminated an electric vehicle (EV) battery-supply deal worth about 9.6 trillion won ($6.50 billion). The South Korean battery maker said in a regulatory filing that the termination followed a notice from Ford after the aut
Ford Halts Electric F-150 Production, Expands Use of Chinese Technology
Ford on Monday will halt production of its electric F-150 Lightning pickup after poor sales of the vehicle, and will re-introduce it as a plug-in hybrid that uses an unusual technology to deliver more than 700 miles of range. The company also sharply cut plans to make batteries in the U.S. and, ...
Trump's government has abolished subsidies for electric cars, and the change of course in the car industry is also a response to this. Their long-term problems are not solved.
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