"True, Ford's Model E electric vehicle program has been a huge money loser. That's in part because of how these EVs were made. Ford claims a whopping $19 billion in losses just to retrench from its former EV plans. The Lightning may be a top-selling EV pickup truck, but sales have been significantly lower than projected, while the truck itself never really got down to the original $40,000 base price promised when it was announced."
"I'm gonna be frank here: this feels like bad news for the future of American manufacturing and the competitiveness of our EV market. Especially since it comes from Ford Motor Company, whose leadership has spent years sounding the alarm about China's EV sector on podcasts, panels and in splashy New York Times features. At some point, Ford has to deliver on all the stuff it's been saying. But when push comes to shove lately, it's back to gas."
Ford canceled the F-150 Lightning and its fully electric follow-up codenamed T3, and plans to add a gas engine to the Lightning. Ford's Universal EV Platform remains scheduled for 2027, but an American-made commercial electric van was canceled in favor of gas and hybrid variants. Battery plants are being repurposed into AI data centers and EV plant names are being stripped of future-focused monikers. Ford reports roughly $19 billion in losses tied to retrenching from former EV plans. Lightning sales fell short of projections and never reached the originally promised $40,000 base price. Chinese EV and PHEV makers continue expanding in low-cost global segments.
#ford-f-150-lightning #ev-program-cancellation-t3 #model-e-19b-losses #china-ev-competition #battery-plant-repurposing
Read at insideevs.com
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