Overview
- Ford recorded a $19.5 billion EV write-down and discontinued the F-150 Lightning as it pivots away from costly large battery models.
- Stellantis outlined roughly €22 billion (about $26 billion) in charges in a business “reset” and has reintroduced diesel options on several European models.
- General Motors logged about $7–7.6 billion in EV-related charges, with EV sales dropping 43 percent in the quarter after the $7,500 U.S. federal tax credit ended.
- U.S. policy changes removed the federal EV tax credit, rolled back emissions rules, and saw the EPA rescind its greenhouse-gas endangerment finding, easing regulatory pressure on automakers.
- Manufacturers are reshaping plans and plants by canceling or delaying EV programs, shifting production back to ICE or hybrids, and relaunching lower-priced EVs such as GM’s sub-$30,000 Chevrolet Bolt, with Ford targeting a $30,000 mid-size electric pickup in 2027.