DEARBORN, MI (WOWO) Ford Motor Co. is significantly scaling back its electric vehicle program, citing years of financial losses. The automaker reported losses totaling approximately $13 billion on EV projects since 2023. As part of the restructuring, Ford will cancel production of larger, more expe nsive EVs, including the F-150 Lightning, currently produced at its Rouge plant in Dearborn. The automaker will instead focus on smaller, lower-cost electric vehicles, hybrid models, and energy storage products. The Marshall, Michigan BlueOval Battery Park, originally intended to supply batteries for large EVs, will pivot to producing lithium iron phosphate batteries for residential energy storage and midsize electric trucks. Production at the $3.5 billion facility is scheduled to begin in 2026. Michigan taxpayers contributed approximately $2 billion in incentives for the project. Ford CEO Jim Farley said the decision reflects the need to respond to market demand, declining EV sales, and financial realities, including the end of a $7,500 federal EV tax credit. Analysts note that Michigan’s investment in EV incentives faces challenges as automakers adjust strategies. Other large battery projects in the state, including plants by Gotion Inc., Our Next Energy, and General Motors, have also shifted focus toward energy storage. Ford expects by 2030 that 50 percent of its global vehicle production will be hybrids, extended-range EVs, and fully electric vehicles, up from 17 percent in 2025. The post Ford Scales Back Electric Vehicle Plans Amid Crashing Demand appeared first on WOWO News/Talk 92.3 FM and 1190 AM. ...read more read less