Ford scraps fully-electric F-150 Lightning
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2don MSN
Ford scraps fully-electric F-150 Lightning as mounting losses and falling demand hits EV plans
Ford Motor Co. is pivoting away from its once-ambitious electric vehicle plans amid financial losses and waning consumer demand for the vehicles
Much of that sum reflects expenses related to canceling fully electric models that had been years in the making.
The move comes as a response to the Trump administration’s waning support for electrification and a weakening consumer market.
Gov. Andy Beshear has long touted Ford's planned Kentucky EV battery plant. He blamed recent changes on Rep. Brett Guthrie and President Trump.
Plus, 16 states sue the Trump administration for freezing EV charging funds and Scout Motors gets license to sell directly to customers.
The US carmaker is backing away from large electric vehicles, citing lacklustre demand and recent regulatory changes under US President Donald Trump.
Ford Motor on Monday said it would take a $19.5 billion charge as it refocuses on hybrids, slashes its electric-vehicle investments and discontinues the electric F-150 pickup truck.
The sum marks the U.S. auto industry’s biggest reckoning to date that it can’t realize its EV ambitions anytime soon.
Both Ford and GM are outperforming the markets in 2025. However, GM looks like a better buy between the two, given the company's recent track record on execution.