Key Metrics
10.27
Heat Index-
Impact LevelMedium
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Scope LevelNational
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Last Update2025-12-15
Key Impacts
Positive Impacts (6)
Negative Impacts (8)
Event Overview
This event highlights a significant shift in corporate strategy, with a major automaker reducing its focus on electric vehicles (EVs) and redirecting resources to traditional and hybrid models. The decision reflects broader industry challenges and market dynamics related to EV adoption and investment.
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Ford Announces $19.5 Billion Write-Down and Cancellation of Multiple Electric Vehicle Projects
Ford announced a $19.5 billion write-down and the cancellation of several electric vehicle (EV) projects, including the all-electric F-150 Lightning and the next-generation electric truck codenamed T3, as well as a planned electric commercial van. The company plans to shift its focus towards gasoline and hybrid models. Ford expects that by 2030, the proportion of its global fleet consisting of hybrid, plug-in hybrid, and battery-electric vehicles will increase from the current 17% to 50%. In the short term, there will be some layoffs at a joint venture battery plant in Tennessee, but the company ultimately plans to hire thousands of workers. Additionally, Ford has increased its 2025 adjusted EBIT (earnings before interest and taxes) guidance to approximately $7 billion.