Ford automotive company reportedthat withdraws respective models of electrical vehicles from production. This is so far the most drastic example of the withdrawal of the automotive manufacture from battery powered models in consequence to the weakening request for electrical vehicles. This request practically froze as shortly as the surcharge for buyers was abolished.
Ford quits manufacturing electrical cars. The company reported the withdrawal of the full electrical F-150 Lightning offer and replacing it with a fresh model with an increased scope that uses the interior combustion engine to charge the battery. The company besides withdraws an electrical truck with the code name T3, as well as planned medium, electrical vans.
“The marketplace has changed over the last fewer months. It was an impulse for us to make this crucial decision – said Ford CEO Jim Farley in an interview with the agency Reuters. ZHe said that he intended to make petrol and hybrid models intensively and yet employment thousands of workers, despite the fact that in the close future there will be layoffs in the company's battery mill in Kentucky.
The company expects to save byaround $8.5 billion in connection with the cancellation of planned electrical vehicle models. Around $6 billion are savings resulting from the dissolution of the joint venture with South Korean company SK On, which produces batteries, and another $2.5 billion with what Ford called "programme related expenditure".
The car maker besides raised its profit forecast for 2025 to about $7 billion, from the erstwhile scope of $6 to 6.5 billion.
Following the decision to cancel the ‘electricity’ programme, aFord's shares increased by about 1% in property trading. The change in the approach of the company reflects the reaction of the automotive manufacture to decreasing request for battery powered models, after car manufacturers invested hundreds of billions of dollars in investment in electrical vehicles in the beginning of this decade.
Perspectives for electrical vehicles This year, the US president Donald Trump's policy reduced national support for electrical vehicles and softened the rules on exhaust emissions, which encouraged manufacturers to sale more fossil fuel-powered cars.
The sales of electrical vehicles in the US fell by about 40% in November, after a taxation credit of $7500 for consumers expired on September 30, in force for more than 15 years in order to artificially stimulate request for "electrics". Trump's administration besides included a large taxation bill passed in July and a spending frost of penalties that car manufacturers pay for violating fuel savings legislation.
The F-150 Lightning pulled off the assembly lines in 2022 with large publicity – comedian Jimmy Fallon wrote a song about this car. Ford increased the production of this model to meet an inflow of 200,000 orders, but sales did not keep up with the incorrect forecast temp. By November of that year, only 25,583 Lightning copies were sold, a 10% decrease compared to the same period of the erstwhile year.
The successor of the F-150 Lightning, the T3 truck, was to be built from scratch in a fresh complex in Tennessee and to form a key component of Ford's second generation electrical vehicle range. Ford presently replaces the production of an electrical pickup with fresh petrol-powered trucks.
– alternatively of spending billions more on large electrical vehicles that have no chance of profitability, we allocate this money to areas with higher profitability said Andrew Frick, manager of Gas and electrical Vehicles in Ford. At the beginning of this year, Ford announced that he expected a failure of about $5 billion on his electrical vehicle segment, about the same as in 2024. This shows best that the task made purely political, not economical sense.
The decline in sales of electrical vehicles in the USA has led car manufacturers to compete for a shrinking purchasing pool, which hastened to put electrical models on the market. Like Ford, many conventional car manufacturers return to petrol and hybrid models, simultaneously narrowing down their offer of electrical vehicles to offset losses in this segment.
Some conventional car manufacturers decide to control to hybrid vehicles, following Toyota Motor, a long-term leader in the hybrid model market, which put emphasis on this technology even during an artificial electrical vehicle euphoria.
As early as last year, Ford cancelled an electrical SUV plan with 3 rows of seats, which - as he claimed at the time - cost him a failure of about $1.9 billion.
As we can see, the marketplace has verified "electrics" – this is simply a dead end of the automotive industry, developed solely on the basis of artificial demand, generated by subsidies, provided by green communists. Unfortunately, Europe continues to engage in this absurdity.
We besides recommend: Jewish militants set fire to another Palestinian olive grove
