Ford Takes Record $19.5 Billion Charge As EV Bet Implodes, Pivots To Grid Batteries
by Tyler Durden
Tuesday, Dec 16, 2025 - 06:59 AM
Shares of Ford in New York have yet to hit a new high since the debut of the all-electric F-150 Lightning in April 2022. What was pitched as a flagship EV push has since devolved into an epic miscalculation, with the automaker now preparing to take $19.5 billion in charges, mostly in the fourth quarter, as it unwinds and overhauls its electric vehicle strategy.
Ford is overhauling its entire electrification roadmap. The reset includes the cancellation of three future EV programs, the termination of the current F-150 Lightning, and a shift toward new offerings across multiple powertrains, including a future extended-range hybrid vehicle variant of the F-Series.
The pivot also entails a complete restructuring of battery operations, highlighted by the breakup of its partnership with South Korean battery maker SK On. The next chapter of Ford's strategy is a pivot toward grid-scale energy storage systems.
We've explained to readers that lithium prices are on the rise as EV battery makers pivot to energy storage systems:
https://www.zerohedge.com/markets/ford-takes-record-195-billion-charge-ev-bet-implodes-pivots-grid-batteries
