America’s auto giants are quietly backing away from the electric truck fantasy pushed by the Biden administration. One by one, reality is catching up to the hype.
Ford has already thrown in the towel. Ram followed close behind. And now General Motors is standing alone at the edge of a very expensive cliff.
The electric truck revolution promised by Washington has turned into a financial nightmare for Detroit. What was sold as the future of transportation is quickly becoming a billion dollar mistake.
Ford and Ram Walk Away From the EV Truck Disaster
Ford shocked the auto industry by ending production of the F-150 Lightning after it became impossible to justify the losses. The company lost money on every single truck sold, even as base prices climbed past $55,000.
Ford’s electric vehicle division posted a staggering $5.076 billion loss in 2024 alone. That kind of red ink forced executives to make a hard decision.
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