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Ford takes $19.5bn hit amid electric vehicle retreat as Trump policies bite

16.12.2025 00:02 | The Guardian World

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

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