Xin Lang Cai Jing·2026-02-13 16:24Core Viewpoint - The decline in electric vehicle (EV) demand in the U.S. has led to significant financial losses for major automakers, prompting them to write down over $50 billion in EV-related assets due to a 30% drop in fourth-quarter sales [1] Group 1: Sales and Financial Impact - The three major Detroit automakers—General Motors, Ford, and Stellantis—reported a 30% decline in fourth-quarter sales [1] - These companies announced over $50 billion in write-downs related to their electric vehicle assets [1] Group 2: Reasons for Sales Decline - The expiration of the $7,500 federal tax credit has been identified as a key factor contributing to the sales decline [1] - Weak demand, coupled with relaxed energy efficiency requirements and cuts to federal tax incentives, has forced automakers to cancel projects and lay off employees [1] Group 3: Strategic Responses - General Motors is continuing to reduce its electric vehicle production [1] - Ford is shifting its strategy to focus on launching a low-cost electric pickup truck by 2027 [1] - Stellantis has sold its stake in its battery business, citing misjudgments regarding the pace of energy transition [1]