{"id":2399795,"date":"2025-02-06T14:13:01","date_gmt":"2025-02-06T19:13:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/evs-cost-ford-staggeringly-huge-amount-in-losses-over-just-3-months\/"},"modified":"2025-02-06T14:15:32","modified_gmt":"2025-02-06T19:15:32","slug":"evs-cost-ford-staggeringly-huge-amount-in-losses-over-just-3-months","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/evs-cost-ford-staggeringly-huge-amount-in-losses-over-just-3-months\/","title":{"rendered":"EVs Cost Ford Staggeringly Huge Amount in Losses Over Just 3 Months"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fevs-cost-ford-staggeringly-huge-amount-in-losses-over-just-3-months%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2399795&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Ford\u200b has \u2063projected substantial losses in its electric vehicle (EV) sector,estimating a loss of up to $5.5 billion by 2025, \u2062similar to losses incurred in 2024. \u200dIn the previous year,the company reported losses \u200dover $5 billion from EVs,including $1.4 billion in \u2062just the fourth quarter.Despite thes challenges,\u2062 Ford achieved a quarterly profit of $1.8 billion overall. Slow sales of electric vehicles\u200c have led the company to \u200cpostpone the launch\u2063 of an electric SUV \u200dand a new\u2063 version of \u2063its popular F-150 pickup truck. Ford is now focusing more on hybrid\u2062 vehicles, having sold substantially more hybrids than <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/shock-to-the-system-fords-profits-could-be-up-50-if-it-cuts-evs-from-its-lines\/\" title=\"...&#039;s profits may increase by 50% if it eliminates ...s from its product range\">fully electric models<\/a> in 2024. Meanwhile, demand for EVs seems to be\u2063 stagnating,\u200d particularly in California where sales growth was minimal, raising concerns about meeting \u200dupcoming state mandates for zero-emission vehicles. Analysts suggest \u2064that\u200d automakers may need to <a href=\"https:\/\/amzn.to\/3YuVZYV\">adopt \u200cinventory control strategies<\/a> to comply\u200d with mandates while limiting customer options. Ford\u2019s\u200d pivot indicates a recalibration of its strategy in \u2062response to \u2062market realities.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><\/p>\n<p>New information from Ford shows that the road to electric vehicle profitability is filled with potholes.<\/p>\n<p>Ford has projected that in 2025, it will lose up to $5.5 billion on its electric vehicle and software divisions. according to <a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/ford-projects-mounting-ev-losses-2025-q4-profit-up-2025-02-05\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a>.<\/p>\n<p>The automaker said that the loss will be comparable to the fiscal bath the company took on electric vehicles in 2024.<\/p>\n<p style=\"font-weight: 400;\"><a href=\"https:\/\/abcnews.go.com\/Business\/wireStory\/ford-s-slide-automaker-forecasts-weaker-growth-losses-118508327\" target=\"_blank\" rel=\"noopener\">ABC<\/a> reported that <a href=\"https:\/\/www.westernjournal.com\/massive-ford-recall-hundreds-thousands-cars-risk\/\" target=\"_blank\" rel=\"noopener\">Ford<\/a> lost $5.08 billion on EVs in 2024.<\/p>\n<p style=\"font-weight: 400;\">According <a href=\"https:\/\/electrek.co\/2025\/02\/05\/ford-beat-q4-2024-earnings-but-ev-losses-continue-to-pile-up\/\" target=\"_blank\" rel=\"noopener\">electrek.co<\/a>, Ford&rsquo;s EV unit lost $1.4 billion in the fourth quarter of 2024.<\/p>\n<p> <script type=\"text\/javascript\"> \t\t\tif ( getCookie( \"ff_subbed\" ) ) { \t\t\t\tdocument.getElementById(\"stnvideo\").remove() \t\t\t} \t\t<\/script> <\/p>\n<p style=\"font-weight: 400;\">Despite the drag of <a href=\"https:\/\/www.westernjournal.com\/ford-recalls-thousands-electric-vehicles-dangerous-defect-discovered\/\" target=\"_blank\" rel=\"noopener\">EVs<\/a> on company performance, it achieved a fourth-quarter profit of $1.8 billion, Reuters reported.<\/p>\n<p>Slow sales on electric vehicles led Ford to put off an electric SUV and an electric version of its popular F-150 truck.<\/p>\n<p>Sherry House, Ford&rsquo;s incoming chief financial officer, noted that Ford is putting a greater focus on hybrid vehicles.<\/p>\n<p>Ford sold 187,426 hybrids in 2024 against 97,865 EVs in 2024.<\/p>\n<p>Demand for EVs is not what its supporters hoped, according to the <a href=\"https:\/\/www.latimes.com\/environment\/story\/2025-02-04\/ev-demand-stalls-out-in-california-as-automakers-face-zero-emission-sales-mandate\" target=\"_blank\" rel=\"noopener\">Los Angeles Times<\/a>.<\/p>\n<p>Sales of electric vehicles in 2024 rose only one percent in California.<\/p>\n<p>That&rsquo;s a problem for companies trying to meet state mandates that require 35 percent of sales be zero-emission vehicles in the 2026 model year,<\/p>\n<p>&ldquo;The data don&rsquo;t lie,&rdquo; said Brian Maas, president of the California New Car Dealers Association.<\/p>\n<p>&ldquo;The demand doesn&rsquo;t match what the mandate requires. It&rsquo;s just that simple,&rdquo; he said.<\/p>\n<p>Automakers who fail to meet the state&rsquo;s mandate could pay fines of up to $20,000 for every vehicle sold above the mandated level.<\/p>\n<p>Maas predicted carmakers will use inventory control to meet state rules by limiting what customers can buy.<\/p>\n<p>&ldquo;Arizona and Nevada dealers could be flooded with <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/virginia-forced-to-comply-with-californias-ban-on-new-gas-cars\/\" title=\"Virginia Forced To Comply With ...\u2019s Ban On New Gas Cars\">internal combustion vehicles<\/a>,&rdquo; he said, while California residents would have fewer options and likely <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/despite-soaring-gas-prices-gavin-newsom-denies-fracking-permits-in-droves\/\" title=\"Despite Soaring Gas Prices, Gavin Newsom Denies Fracking Permits &#039;in Droves&#039;\">face higher prices<\/a>.<\/p>\n<div>\n<p class=\"css-at9mc1\">&ldquo;After the pandemic, there was a huge exuberance around EVs, and I think a lot of the manufacturers thought that growth was going to continue,&rdquo; said Arun Kumar, a partner and managing director at AlixPartners, a consulting firm, according to <a href=\"https:\/\/www.nytimes.com\/2024\/07\/18\/business\/ford-electric-vehicles-canada.html\" target=\"_blank\" rel=\"noopener\">The New York Times<\/a>.<\/p>\n<\/p><\/div>\n<div>\n<p class=\"css-at9mc1\">&ldquo;But the reality is that&rsquo;s not the case, and it&rsquo;s a smart move to make sure you&rsquo;re not losing market  in internal combustion,&rdquo; he said in commenting on Ford&rsquo;s decision to <a href=\"https:\/\/www.westernjournal.com\/ford-scraps-major-electric-vehicle-plan-declares-will-pivot\/\" target=\"_blank\" rel=\"noopener\">focus less<\/a> on EVs in the future.<\/p>\n<\/p><\/div>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! ( opts[inputs[i]]=document.querySelector( '.entry-submit-correction [name=\"' + inputs[i] + '\"]' ).value ) ) { \t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .required-message' ).style.display='block'; \t\t\t\t\t\treturn; \t\t\t\t\t}  \t\t\t\t\tdocument.querySelector( '.entry-submit-correction input[type=\"submit\"]' ).style.display='none'; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).src=firefly_loading_gif_url; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='inline-block';  \t\t\t\t\tconsole.log( 'ma subbing' );  \t\t\t\t\tif( firefly_post_id ) opts['post_id']=firefly_post_id;  \t\t\t\t\t\/* Send the data using post with element id name and name2*\/ \t\t\t\t\tvar posting=jQuery.post( firefly_ajax_url, opts );  \t\t\t\t\t\/* Alerts the results *\/ \t\t\t\t\tposting.done( function( response ) { \t\t\t\t\t\tif( response.success ) { \t\t\t\t\t\t\tconsole.log( response.data ); \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='none'; \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-confirm' ).style.display='block';  \t\t\t\t\t\t\tdataLayer.push( { 'event': 'submit-correction' } ); \t\t\t\t\t\t} \t\t\t\t\t}); \t\t\t\t}); \t\t\t} \t\t<\/script> \t     \t\t\t\t\t\t     \t\t\t\t\t<\/div>\n<p style=\"border: 1px solid #f5f5f5; padding: 16px;\">Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. <a href=\"https:\/\/www.westernjournal.com\/advertise-us\/?wj_source=article\">Advertise Today<\/a>.<\/p>\n<p><script>console.log(\"ad slot (BA1)\")<\/script> \t\t<\/p>\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<style> \t\t\t \t\t\t.insticator-unit.type-commenting{margin: 0 10px 25px 10px}@media screen and (max-width:1060px){#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{margin: 0 auto 25px auto !important;}}#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{height: 280px !important; width: 336px !important} \t\t<\/style>\n<div class=\"insticator-unit type-commenting\">\n<div class=\"insticator-ads\"> \t\t\t\t \t\t\t\t \t\t\t\t<script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-1\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-2\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-1\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-2\").remove() \t\t\t\t\t} \t\t\t\t<\/script> \t\t\t<\/div>\n<div class=\"insticator-ads additional\"> \t\t\t\t \t\t\t\t \t\t\t\t<script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-3\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-4\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-3\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-4\").remove() \t\t\t\t\t} \t\t\t\t<\/script> \t\t\t<\/div>\n<\/p><\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recent updates from Ford indicate that achieving profitability in electric vehicles (EVs) is challenging. The company anticipates a loss of up to $5.5 billion in 2025 for its EV and software sectors, as reported by Reuters. This projected loss is expected to be similar to the significant financial hit Ford experienced with EVs in 2024, where it lost $5.08 billion according to ABC. Additionally, Electrek.co noted that Ford&#8217;s EV division incurred a $1.4 billion loss in the fourth quarter of 2024.<\/p>\n<p>Despite these setbacks, Ford managed to report a profit of $1.8 billion for the fourth quarter, as stated by Reuters. Sluggish sales of electric vehicles have led the automaker to delay plans for an electric SUV and an electric version of its popular F-150 truck model. Sherry House, who will soon take over as chief financial officer at Ford, mentioned that there will be an increased emphasis on hybrid vehicles moving forward; in 2024, Ford sold 187,426 hybrids compared to just 97,865 EVs.<\/p>\n<p>According to the Los Angeles Times, demand for EVs has not met expectations; sales only increased by one percent in California during 2024. This poses challenges for manufacturers aiming to comply with state regulations mandating that zero-emission vehicles account for 35 percent of sales by the model year 2026. Brian Maas from the California New Car Dealers Association remarked on this discrepancy between demand and regulatory requirements.<\/p>\n<p>Automakers failing to meet these mandates could face fines up to $20,000 per vehicle sold beyond allowed limits; Maas suggested that carmakers might restrict inventory availability as a strategy for compliance\u2014potentially leading dealers in Arizona and Nevada being stocked with internal combustion engine vehicles while California consumers may encounter limited choices and higher prices.<\/p>\n<p>Arun Kumar from AlixPartners commented on this situation post-pandemic: many manufacturers anticipated continued growth in EV popularity but are now realizing that&#8217;s not happening\u2014hence Ford&#8217;s strategic shift towards maintaining market presence with internal combustion models instead of focusing solely on electric options<\/p>\n","protected":false},"author":1,"featured_media":2399796,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/02\/Ford-EVs.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[32509,21193,49949,8411,4342],"class_list":["post-2399795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-automotive-industry","tag-evs","tag-financial-performance","tag-ford","tag-losses"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/02\/Ford-EVs.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2399795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2399795"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2399795\/revisions"}],"predecessor-version":[{"id":2399799,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2399795\/revisions\/2399799"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2399796"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2399795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2399795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2399795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}