Ford trims EV battery orders as losses swell to over $100,000 per electric car in Q1

Ford trims EV battery orders as losses swell to over $100,000 per electric car in Q1

With losses piling up, Ford is cutting back on EV battery orders,

citing slower-than-expected market demand.

After cutting F-150 Lightning production and

the workforce at its Rouge EV plant,

Ford revealed plans to delay around $12 billion in EV spending last year.

Now, it looks like Ford is throttling back on more EV plans,

shifting to smaller, more profitable EVs and delaying its three-row electric SUV in the US.

Ford is accelerating the development of smaller electric vehicles,

with the first models expected to be a smaller electric truck and SUV with a starting price of around $25,000, debuting in 2026.

Despite challenges, Ford is maintaining partnerships with its battery suppliers

and is following Toyota and other legacy automakers with plans to introduce more hybrids as a bridge to its next-gen EVs.