\n<\/p>\n
Ford is ending production of the\u00a0fully-electric\u00a0F-150 Lightning\u00a0as part of\u00a0a\u00a0broader companywide\u00a0shakeup\u00a0of its electric vehicle plans,\u00a0the\u00a0company announced Monday. In its place, Ford will sell\u00a0what\u2019s\u00a0known as an \u201cextended range electric vehicle\u201d version of the truck, which adds a gas generator that can recharge the battery pack to power the motors for over 700 miles.\u00a0<\/p>\n
The company did not share when the new F-150 Lightning will go on sale, or how much it will cost.\u00a0<\/p>\n
The pivot will come with a substantial price tag for Ford. The company will take a $19.5 billion hit to reshape its EV business strategy. Most of those charges, including an $8.5 billion writedown of its EV assets, will be recorded in the fourth quarter. Ford said $5.5 billion in cash is to be charged through 2027.<\/p>\n
The shakeup affects numerous factories and workers. It also means Ford\u2019s next-generation all-electric truck \u2014 internally dubbed \u201cT3\u201d \u2014 is now dead. The T3 was\u00a0supposed to be a clean-sheet design,<\/a>\u00a0as opposed to the Lightning, which\u00a0had electric vehicle technology that was shoehorned into a gas vehicle design.\u00a0Ford confirmed to TechCrunch that it\u2019s also abandoning plans<\/a> for a next-generation commercial van. The current model, the E-Transit, will continue.<\/p>\n \u201cFord no longer plans to\u00a0produce select\u00a0larger electric vehicles\u00a0where the business case has eroded due to lower-than-expected demand,\u00a0high costs\u00a0and regulatory changes,\u201d the company wrote in a statement.\u00a0<\/p>\n The company is still planning\u00a0on releasing\u00a0a mid-sized all-electric pickup truck in 2027, the company confirmed Monday. The platform that powers that truck \u2014 born out of a skunkworks program led by former Tesla executives Doug Field and Alan Clarke \u2014 will also underpin other future Ford vehicles.\u00a0Ford said it is still on track to begin producing cheaper lithium iron phosphate batteries\u00a0in 2026. Those LFP batteries, which will be built at the BlueOval Battery Park Michigan in Marshall and use technology licensed from China\u2019s CATL, will be used in the mid-sized truck.<\/p>\n \u201cRather than spending billions more on large EVs that now have no path to profitability, we are allocating that money into higher-returning areas, more trucks and van hybrids, extended-range electric vehicles, affordable EVs, and entirely new opportunities like energy storage,\u201d Ford president Andrew Frick said on a call with reporters.\u00a0\u00a0<\/p>\n Techcrunch event<\/p>\n \n\t\t\t\t\t\t\t\t\tSan Francisco<\/span> Ford revealed<\/a> the F-150 Lightning in 2021, two years after it first announced plans for an all-electric Mustang, the Mach-E. Ford teased a $40,000 price tag for the Lightning, which was meant to be a flagship product for the company\u2019s $22 billion push into electric vehicles.<\/p>\n Like most large electric trucks, though, the F-150 Lightning struggled in the U.S. market. Part of that was because the $40,000 price tag never materialized for most buyers, as that base trim was targeted specifically at fleet customers. Ford wound up selling around 7,000 Lightnings per quarter<\/a> over the last two years, with a peak of nearly 11,000 in the fourth quarter of 2024.<\/p>\n EVs have faced a lot of headwind since the F-150 Lightning was first introduced. Tesla kicked off a dramatic price war to counter falling sales, which ate into legacy automakers\u2019 thin (or negative) margins. The reelection of Donald Trump, along with Republicans taking control of Congress, has led to a reversal of many Biden-era policies meant to encourage the sale of electric vehicles.<\/p>\n<\/div>\n
\n\t\t\t\t\t\t\t\t\t\t\t\t\t|<\/span>
\n\t\t\t\t\t\t\t\t\t\t\t\t\tOctober 13-15, 2026<\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n