this post was submitted on 21 Aug 2024
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[Dormant] Electric Vehicles

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Ford writes off $1.9bn as it cancels plans for all-electric large SUV in US (www.theguardian.com)
submitted 3 months ago by AmbiguousProps@lemmy.today to c/evs@lemmy.world
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Ford has written off $1.9bn as it cancelled plans for an all-electric large SUV in the US, opting to produce a hybrid version instead in the latest sign of western carmakers struggling to make profitable electric cars.

The US carmaker said on Wednesday that it would not be able to reach a profit on the electric SUV within a year, its measure of whether a new car is viable, citing the stiff competition from Chinese manufacturers. It will initially write off the cost of $400m (£300m) in tooling for the vehicle, plus another $1.5bn (£1.15bn) in extra costs in the future.

Ford also said it would delay the successor to its F-150 Lightning electric pickup truck until 2027, after initially targeting a launch next year.

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[–] Nougat@fedia.io 1 points 3 months ago (1 children)

My 2015 Energi with 90K miles only has ~12 miles worth of range left in the PHEV battery at full charge.

[–] ptz@dubvee.org 1 points 3 months ago (2 children)

Does that one have lithium or NiMH for its traction battery? I can't remember what model year they switched. I'm thinking 2014 but I could be off.

[–] Nougat@fedia.io 2 points 3 months ago

Pretty sure it's not NiMH.

[–] Cort@lemmy.world 2 points 3 months ago

Nope they're all NMC lithium chemistry afaik