Ford Motor Co. said Monday it will pull back sharply on its electric vehicle strategy, taking a $19.5 billion charge that will weigh heavily on current-quarter earnings. Excluding the charge, Ford said core business performance remains strong.
The company raised its full-year operating profit forecast to $7 billion, citing solid demand for gasoline-powered trucks and SUVs, which continue to anchor its U.S. sales.
BREAKING: In a massive hit, Ford, $F, is writing down $19.5 billion in EV investments.
— The Kobeissi Letter (@KobeissiLetter) December 15, 2025
Ford also says it will stop producing the electric version of the F-150. pic.twitter.com/cWMPDeO9d0
As part of the shift, Ford has halted production of the F-150 Lightning indefinitely. The automaker said a future electric version of the F-150 could deliver up to 700 miles of range and improved towing, but offered no timeline for its launch.
Ford’s EV sales rose earlier this year as buyers rushed to beat the expiration of federal tax credits. Still, EVs accounted for less than 6 percent of U.S. sales.
Ford To Take $19.5 Billion Profit Hit As It Scales Back Electric Vehicle Planshttps://t.co/eMSWwvg0bR pic.twitter.com/rjILtppBKF
— Forbes (@Forbes) December 15, 2025
With Trump-era rollbacks of emissions rules and EV subsidies, Ford plans to repurpose some battery capacity for energy infrastructure and data centers.
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TIPP Staff
