Ford Scales Back its EV Plans, Writes Off $19.5 Billion in Losses
Ford is abandoning efforts to build large battery-powered vehicles, pointing to sluggish sales and EV policy reversals from Washington. The Detroit automaker will redirect resources toward profitable hybrids and conventional engines alongside smaller, budget-friendly electric models. It also expects to take a $19.5 billion loss from this strategy after making heavy investments into electrification. These changes to Ford's EV arrive as the Trump administration loosens efficiency mandates that previously encouraged electrification across the industry. Ford says the economics of pursuing large-format electric production have crumbled amidst disappointing sales volumes, excessive expenses and shifting regulatory frameworks. Chief executive Jim Farley characterized…