Why is Ford losing money on EVs?
The Detroit automaker reported a fourth quarter net loss of $11. EV programs, which the company is realigning in response to lower-than-expected consumer demand and changing federal subsidies. Specifically, Ford’s year-end financials show the automaker taking an $11.Including the loss in 2025, Ford has lost more than $16 billion on its electric vehicle business since 2022. In December, Ford announced that it was scaling back its electric vehicle plans.
Is Ford abandoning electric vehicles?
Ford isn’t abandoning EVs entirely, and the company’s EV investments for North America will center around smaller, affordable vehicles built on the Universal EV platform announced in August. Ford confirmed it has canceled a future all-electric commercial van that was slated to be built alongside the next-generation F-150 Lightning. Instead, the automaker will introduce a new “affordable commercial van” for North America, offering both gasoline and hybrid powertrain options.
Why are EVs not worth it?
However, the biggest environmental cost of an EV comes from its lithium-ion battery. That’s because battery production is very energy-intensive, and mining materials such as lithium and cobalt can raise ethical and environmental concerns. While EV technology continues to advance, the evidence so far shows that electric vehicles can comfortably last a decade or more, with many expected to exceed 150,000–200,000 miles with good care. Most EV components, motors, drivetrains, and electronics show slower wear than their petrol or diesel equivalents.How Long Do EV Batteries Last? According to the National Renewable Energy Laboratory, EV owners can expect today’s batteries to last 12 to 15 years in moderate climates – longer than most people own their vehicles.Our members report problems with electric drive motors, charging, and batteries. This is largely because it often takes a few years to work out bugs in new technology, and also because many EVs are luxury, tech-laden cars with more features that can go wrong, Knizek says.EV battery replacement costs in 2025 range from $5,000 to $20,000 depending on the vehicle type. Compact EVs cost $5,000-$8,000, mid-size vehicles $8,000-$15,000, and luxury/long-range EVs $12,000-$20,000. Labor adds another $1,000-$3,000 to the total cost. How often do EV batteries actually need replacement?There were 1. EVs) sold globally in February 2026 – an 11% year-on-year decline.