{"id":45042,"date":"2025-12-15T23:13:39","date_gmt":"2025-12-15T23:13:39","guid":{"rendered":"https:\/\/eduzim.co.zw\/news\/?p=45042"},"modified":"2025-12-15T23:13:39","modified_gmt":"2025-12-15T23:13:39","slug":"c0l9j65w30eoat_mediumrssat_campaignrss","status":"publish","type":"post","link":"https:\/\/eduzim.co.zw\/news\/2025\/12\/15\/c0l9j65w30eoat_mediumrssat_campaignrss\/","title":{"rendered":"Ford to scale back electric vehicle plans, taking $19.5bn hit"},"content":{"rendered":"<p> <script data-jetpack-boost=\"ignore\" async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-1669381584671856\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- Africa tv video display -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-1669381584671856\"\r\n     data-ad-slot=\"3579572842\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script data-jetpack-boost=\"ignore\">\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div data-component=\"text-block\">\n<p class=\"sc-9a00e533-0 eZyhnA\">Ford is backing away from plans to manufacture large electric vehicles, the US carmaker said on Monday, citing lacklustre demand and recent regulatory changes under US President Donald Trump.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">The company will instead invest in producing profitable hybrid and gas-powered vehicles and smaller, more affordable EV models.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">Ford said it expects its profits to take a $19.5bn (\u00a314.6bn) hit as a result of the strategic shift, which comes as the Trump administration eases fuel economy rules.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">The business case for leaning heavily into EV production, specifically large-sized EV models, has &#8220;eroded&#8221;, Ford said in a statement, &#8220;due to lower-than-expected demand, high costs and regulatory changes&#8221;.<\/p>\n<\/div>\n<div data-component=\"text-block\">\n<p class=\"sc-9a00e533-0 eZyhnA\">&#8220;This is a customer-driven shift to create a stronger, more resilient and more profitable Ford,&#8221; Jim Farley, Ford&#8217;s chief executive, said in a statement.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">&#8220;The operating reality has changed, and we are redeploying capital into higher-return growth opportunities,&#8221; Mr Farley added, pointing to trucks, vans, hybrid vehicles and the company&#8217;s energy storage business.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">As part of Ford&#8217;s changes to its EV plans, the company said it will no longer produce a purely electric version of its popular F-150 pickup truck. The F-150 Lightening will instead be redesigned as a hybrid vehicle, with a gas-powered generator.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">Ford also said it will cancel its new electric van to focus on manufacturing gas and hybrid models.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">The carmaker&#8217;s decision to alter its EV plans follows a similar announcement from General Motors in October. General Motors said it would take a $1.6bn hit as it rolls back its EV ambitions amid weakening demand.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">EV adoption in the US has lagged behind the industry in places such as China, the UK and Europe. Analysts point to comparatively weak government support for the sector.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">The Trump administration has taken steps in recent months to roll back incentives and regulations that had been expected to lead to increased take-up of electric cars.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">A government subsidy previously helped knock as much as $7,500 (\u00a35,608) off the price of certain battery electric, plug-in hybrid or fuel cell vehicles. But that tax credit ended in September.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">Carmakers had expected EV momentum to slow with the end of the tax credit. At the time, Mr Farley said the EV industry would be &#8220;smaller, way smaller than we thought&#8221;.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">And earlier this month, Trump announced plans to loosen fuel economy rules, reversing another Biden-era policy that had raised hopes of an EV boom. The Biden administration&#8217;s standards were expected to prevent more than 700 million metric tons of carbon dioxide emissions by 2050.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">Farley celebrated the loosened rules alongside other car industry leaders. He called the change a &#8220;victory of common sense&#8221;, through environmental groups criticised it as a step backward for the industry and public health.<\/p>\n<p class=\"sc-9a00e533-0 eZyhnA\">The new fuel economy standards, he added, were &#8220;aligned with customer demand&#8221;.<\/p>\n<\/div>\n<p><script data-jetpack-boost=\"ignore\" async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-1669381584671856\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- Africa tv video display -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-1669381584671856\"\r\n     data-ad-slot=\"3579572842\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script data-jetpack-boost=\"ignore\">\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n#Ford #scale #electric #vehicle #plans #19.5bn #hit<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ford is backing away from plans to manufacture large electric vehicles, the US carmaker said on Monday, citing lacklustre demand&hellip;<\/p>\n","protected":false},"author":1,"featured_media":45043,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[],"class_list":["post-45042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mzansi"],"_links":{"self":[{"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/posts\/45042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/comments?post=45042"}],"version-history":[{"count":1,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/posts\/45042\/revisions"}],"predecessor-version":[{"id":45044,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/posts\/45042\/revisions\/45044"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/media\/45043"}],"wp:attachment":[{"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/media?parent=45042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/categories?post=45042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/tags?post=45042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}