700 miles: Ford drops big electric trucks for extended-range models

Ford has announced a major shift in its electric vehicle (EV) strategy by ending production of the fully electric F-150 Lightning and instead developing an extended-range electric version. This new model will combine an electric drivetrain with a gas-powered generator to extend its driving range beyond 700 miles. The company has not yet revealed the launch date or pricing for this version. This strategic pivot comes amid slower-than-expected EV demand, high battery costs, pricing pressures, and regulatory changes that have made profitability difficult, especially for larger EVs requiring substantial battery capacity. The reset will have significant financial consequences for Ford, including a $19.5 billion charge, with an $8.5 billion writedown of EV assets expected in the fourth quarter and $5.5 billion in cash expenditures through 2027. The company is also canceling several projects, notably scrapping the next-generation all-electric truck (T3) and abandoning plans for a next-generation electric commercial van, though the current E-Transit