{"id":67425,"date":"2025-12-18T12:20:06","date_gmt":"2025-12-18T20:20:06","guid":{"rendered":"https:\/\/energi.media\/?p=67425"},"modified":"2026-01-06T11:49:37","modified_gmt":"2026-01-06T19:49:37","slug":"ford-writes-down-ev-investments-shifts-focus-to-hybrids-and-energy-storage","status":"publish","type":"post","link":"https:\/\/energi.media\/news\/ford-writes-down-ev-investments-shifts-focus-to-hybrids-and-energy-storage\/","title":{"rendered":"Ford Writes Down EV Investments, Shifts Focus to Hybrids and Energy Storage"},"content":{"rendered":"<p data-start=\"322\" data-end=\"765\">Ford Motor Co. is taking a nearly US$20-billion hit on its electric-vehicle investments and redirecting capital toward hybrids and energy storage as U.S. EV demand falters, even though global EV sales remain strong. The strategic overhaul includes cancelling several EV models, expanding hybrid and extended-range vehicles, and repurposing EV battery plants for grid and data-centre storage applications.<\/p>\n<p data-start=\"767\" data-end=\"1182\">Ford framed the move as a \u201cdecisive redeployment of capital\u201d in a Monday announcement that accompanies its 2026 business plans, as part of its broader Ford+ strategy. The company plans to redirect investment away from larger EVs that have struggled to meet sales and profitability expectations, and toward products and technologies where it sees stronger near-term returns.<\/p>\n<p data-start=\"1184\" data-end=\"1645\">\u201cThe operating reality has changed, and we are redeploying capital into higher-return growth opportunities,\u201d Ford President and CEO Jim Farley said in a company press release outlining the new strategy. That includes expanding its lineup of hybrid and extended-range vehicles, as well as a new battery energy storage systems (BESS) business, which Ford said will use existing battery production capacity in the U.S.<\/p>\n<h3 data-start=\"1647\" data-end=\"1699\">Major write-down underscores EV market headwinds<\/h3>\n<p data-start=\"1701\" data-end=\"2198\">Ford\u2019s nearly US$19.5 billion impairment charge \u2014 one of the largest in recent corporate history \u2014 reflects the cancellation of planned EV models, the dissolution of a battery joint venture with South Korean partner SK On, and other program-related write-downs. About $8.5 billion of the charge relates to scrapped EV projects, including large pickups and vans, while roughly $6 billion reflects the end of the SK On venture and $5 billion covers other program expenses.<\/p>\n<p data-start=\"2200\" data-end=\"2615\">Reuters reporting notes that Ford is discontinuing the fully electric F-150 Lightning and its next-generation sibling, the T3, in favour of an extended-range hybrid model that incorporates a gasoline engine to recharge the battery. Ford is also shelving planned electric commercial vans and repositioning its production lines to prioritize trucks, vans, and hybrid vehicles.<\/p>\n<p data-start=\"2617\" data-end=\"3033\">The retrenchment comes as U.S. EV sales have faltered \u2014 in part due to federal policy changes that ended consumer tax credits and relaxed emissions regulations \u2014 and overall EV market penetration has remained lower than earlier projections. According to Reuters, EVs now account for roughly 10 per cent of new vehicle sales in the U.S., compared with about 25 per cent globally.<\/p>\n<p data-start=\"2617\" data-end=\"3033\"><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/PV8_4wtqOOs?si=6NJycEhU7lCU8111\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h3 data-start=\"3035\" data-end=\"3097\">Battery plants repurposed for grid and data-centre storage<\/h3>\n<p data-start=\"3099\" data-end=\"3709\">One of the most notable aspects of Ford\u2019s pivot is its intention to repurpose existing EV battery manufacturing capacity to produce large-scale energy storage systems. At its Glendale, Kentucky battery plant \u2014 originally built for EV battery production \u2014 Ford plans to invest roughly US$2 billion over the next two years to build lithium iron phosphate (LFP) cells and assemble them into 20-foot energy storage containers with at least 5 megawatt-hours (MWh) of capacity each. The company aims to produce at least 20 gigawatt-hours annually by the end of 2027.<\/p>\n<p data-start=\"3711\" data-end=\"4225\">The storage units are intended for grid operators, utilities and data centres, where demand for reliable power buffering and peak shaving is growing rapidly. Analysts say that as data centres and other large energy users seek to manage peak demand and integrate more renewable generation, the market for grid-connected battery systems is expanding quickly. One report projected that U.S. energy storage deployments will reach record levels this year amid surging interest.<\/p>\n<p data-start=\"4227\" data-end=\"4703\">In reporting by Canary Media, industry watchers say Ford\u2019s strategy reflects broader trends in the energy transition. \u201cThey have built up battery manufacturing capacity, and now they need to do something with it,\u201d Pavel Molchanov, managing director for renewable energy and clean technology at Raymond James, told reporters. \u201cWhile EV demand is languishing, U.S. energy storage deployments are skyrocketing.\u201d<\/p>\n<h3 data-start=\"4705\" data-end=\"4745\">Broader industry and market dynamics<\/h3>\n<p data-start=\"4747\" data-end=\"5244\">Ford\u2019s shift comes amid a broader reevaluation of EV strategies across legacy automakers. General Motors has also taken impairment charges related to EV production, while Stellantis has scaled back some EV plans in favour of hybrid platforms. Reuters coverage notes that many traditional carmakers \u2014 constrained by higher development costs, weakening demand and shifting regulatory environments \u2014 are returning to hybrid and traditional powertrain investments.<\/p>\n<p data-start=\"5246\" data-end=\"5720\">Analysts also point to weakening consumer incentives as a factor. The U.S. federal EV tax credit, once worth up to US$7,500 per vehicle, expired this year following legislative changes, removing a key subsidy that helped boost EV demand earlier in the decade. At the same time, average gasoline prices in the U.S. have fallen below US$3 per gallon in recent months, making conventional vehicles more attractive to cost-conscious buyers.<\/p>\n<p data-start=\"5246\" data-end=\"5720\"><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/tkwwknUlQFE?si=M1GV-2JanhbG8oxw\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h3 data-start=\"5722\" data-end=\"5762\">Strategic reset and future prospects<\/h3>\n<p data-start=\"5764\" data-end=\"6125\">Ford\u2019s revised approach prioritizes profitability and flexibility. The company says it expects its global mix of hybrids, extended range vehicles and EVs to reach roughly 50 per cent of total volume by 2030, up from about 17 per cent today, suggesting hybrids will play a major role alongside any future EV offerings.<\/p>\n<p data-start=\"6127\" data-end=\"6414\">The move also underscores widening divergence between the EV market and energy storage. Where EV sales have slowed, grid storage demand \u2014 particularly for data centres and utility applications \u2014 remains robust, driven by efforts to stabilise electricity systems and integrate renewables.<\/p>\n<p data-start=\"6416\" data-end=\"6731\">Yet Ford\u2019s transition is not without risks. Energy storage markets are competitive, with established players such as Tesla already commanding significant shares of the grid-scale battery business. Whether Ford can carve out a meaningful position in storage while recalibrating its vehicle lineup remains to be seen.<\/p>\n<p data-start=\"6733\" data-end=\"6988\">For now, the Detroit automaker is betting that redeploying capital from struggling EV programs into hybrids, extended-range vehicles and energy storage will position it for more sustainable, profitable growth in a shifting automotive and energy landscape.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>Ford Motor Co. is taking a nearly US$20-billion hit on its electric-vehicle investments and redirecting capital toward hybrids and energy storage as U.S. EV demand falters, even though global EV sales remain strong. The strategic <a class=\"mh-excerpt-more\" href=\"https:\/\/energi.media\/news\/ford-writes-down-ev-investments-shifts-focus-to-hybrids-and-energy-storage\/\" title=\"Ford Writes Down EV Investments, Shifts Focus to Hybrids and Energy Storage\">[Read more]<\/a><\/p>\n<\/div>","protected":false},"author":6,"featured_media":67426,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"give_campaign_id":0,"footnotes":""},"categories":[1],"tags":[308,322,137,103,41,14,2819,549,584],"class_list":{"0":"post-67425","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-battery-storage","9":"tag-business","10":"tag-electric-vehicles","11":"tag-electricity","12":"tag-energy","13":"tag-featured","14":"tag-ford-motor-company","15":"tag-transportation","16":"tag-trump"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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