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Ford Discontinues Several EV Models, Takes $19.5 Billion Writedown in Pivot to Hybrids

The automaker cited diminished demand and Trump-era policy shifts in its move to gas and hybrid vehicles.
Ford Discontinues Several EV Models, Takes $19.5 Billion Writedown in Pivot to Hybrids
The Ford F-150 Lightning pickup truck during a press event in New York City on May 26, 2021. Brendan McDermid/Reuters
Kimberly Hayek
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Ford Motor Co. revealed Monday that it would take a $19.5 billion writedown after choosing to discontinue several electric vehicle models.

The Michigan-based company intends to replace its all-electric F-150 Lightning pickups with an extended-range version that uses a gasoline engine for battery recharging. Ford is also stopping production on a forthcoming electric truck, called T3 in international markets, along with electric vans designed for commercial use.

Kimberly Hayek
Kimberly Hayek
Author
Kimberly Hayek is a reporter for The Epoch Times. She covers California news and has worked as an editor and on scene at the U.S.-Mexico border during the 2018 migrant caravan crisis.