Ford Ditches Big Electric Dreams, Pays $20 Billion to Admit Hybrid Is Cooler
KEY POINTS
- â˘Ford announced on Monday it will cut back on fully electric large vehicles due to high costs and weak demand.
- â˘CEO Jim Farley said increased customer preference for hybrids drove the $19.5 billion redesign, including pausing electric F-150 Lightning production.
- â˘Despite these changes and the end of the $7,500 EV tax credit, Ford's stock rose about 38% since the start of the year.
In a bold financial flex worthy of a soap opera plot twist, Ford announced on a Monday that they're slashing $19.5 billion to pivot from fully electric large vehicles that apparently cost more than a small island and sold less than kale chips at a BBQ. CEO Jim Farley, channeling the spirit of an exasperated therapist, said it was 'the customer changing their decision'âI guess customers ghosted EVs faster than a Tinder date in November, when hybrid sales rose 30% but fancy electrics snuck off to a sales slump party. The automaker plans a mid-2027 midsize electric pickup, apparently aiming to âaffordably electrifyâ soccer moms everywhere, while pausing the beloved electric F-150 Lightning to pump out gas and hybrid trucks instead. Fun fact: after all this drama triggered by Trump-era tariff tantrums and a vanished $7,500 EV tax credit, Ford's stock barely blinked, flirting with a 38% rise this yearâbecause nothing says evolution like losing billions with style.
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Ford spent nearly $20B proving electric dreams donât pay off, then blamed customers for changing their minds because apparently Teslaâs fans are now all about hybrids. Electric trucks? More like electric shocks to the budget.
Ford turned their EV plan into an expensive experiment and found hybrids are their unexpected BFFs. Customer? More like plot twist star.
When you drop $20 billion only to admit hybrids are cooler, you know Fordâs board meetings got less sparks, more caffeine.
Source: Businessinsider | Published: 12/16/2025 | Author: Aditi Bharade
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