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US automakers’ EV challenges are hardly surprising, says one industry watcher
Yahoo Finance· 2026-02-11 12:24
This story was originally published on WardsAuto. To receive daily news and insights, subscribe to our free daily WardsAuto newsletter. Automakers have had to swallow a bitter electric-vehicle pill over the past year, writing off billions of dollars after realizing expectations of consumers’ demand for the new powertrain technology was overambitious. Ford was first to pull the expensive EV plug, writing off $19.5 billion from its profits in December while scrapping production of the F-150 Lightning. Nex ...