Ford Records $19.5B Charges, Scales Back Plans for EVs

Are EVs economically unviable without subsidies, or is misinformation sabotaging a successful technology?

Published 9 hours ago

Ford Records $19.5B Charges, Scales Back Plans for EVs

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Above: The front grille of a Ford Transit electric van in Bristol on Aug. 4. Image credit: Anna Barclay/Getty Images

The Spin

Right narrative

Electric vehicles have proven economically unviable without massive government subsidies. Even with federal tax credits of $7,500 and state incentives reaching $5,000, carmakers still lose money on every EV sold after nearly three decades of trying. Now that subsidies are ending, they are slashing capacity as the business case just doesn't exist.

Torque News

The Wall Street Journal on X

Left narrative

Misinformation campaigns are deliberately sabotaging EV adoption despite overwhelming evidence of success. Modern EVs offer 300-400 miles of range and save drivers 50% annually in running costs. Battery prices are dropping 40% by 2025, making EVs cost-competitive while delivering superior performance and environmental benefits.

Goldman Sachs Motor Finance