The EV Illusion Just Cost Ford $19.5 Billion
December 16, 2025
Ford’s latest earnings move should finally put an end to the myth that electric vehicles are a self-sustaining market. This week, the company announced it will take a staggering $19.5 billion charge tied largely to its electric-vehicle business, one of the largest corporate write-downs in recent history. That is not “growing pains.” That is an admission of failure. After losing roughly $13 billion on EVs since 2023, Ford is pulling back hard. It is bolstering gas-powered models, shifting toward hybrids, and walking away from the fantasy that large EVs can ever be profitable without permanent government support. CEO Jim Farley…