Auto giant Ford reported its worst quarterly earnings in four years on Tuesday, and a net loss of $8.2 billion for 2025, the largest yet since the 2008 recession.
At least some of that is due to the $4.8 billion that the company’s electric vehicle division lost in 2025.
Electric vehicle sales were battered, and previous corporate plans were shattered across the industry this year following the Trump administration’s push to slash a $7,500 federal EV tax credit that was signed into law by former President Biden in 2022.
Ford was one of many automakers committed to an electrified future that was hit hard by the decision. In response, the company said that it will pivot from full electrification to partial electrification, and in December announced a major scaleback of its electric vehicle plans, which included killing the electric pick-up truck F-150 Lightning.
“I think the customer has spoken. That’s the punchline,” Ford CEO Jim Farley said in an earnings call on Tuesday.
https://gizmodo.com/ford-had-its-biggest-net-loss-since-the-recession-due-to-ev-troubles-2000720368