Detroit Automakers Absorb $50 Billion in EV Losses

U.S. automakers are absorbing more than $50 billion in losses after a sharp slowdown in electric vehicle demand. After years of heavy investment, Detroit’s Big Three — General Motors, Ford, and Stellantis — have announced major accounting write-downs as they scale back EV plans.

Stellantis leads with a $26 billion write-down, followed by Ford at $19.5 billion and GM at more than $6 billion. Fourth-quarter 2025 EV sales are projected to fall 30%, hurt in part by the expiration of the $7,500 federal tax credit. Demand has weakened even for market leader Tesla, prompting Ford to halt production of its electric F-150.

Manufacturers are canceling battery projects, cutting jobs, and shifting investment back to gasoline-powered trucks. Consulting firm Atlas Public Policy estimates more than $20 billion in planned EV and battery investments have been scrapped. Meanwhile, China’s BYD has overtaken Tesla globally, expanding rapidly overseas despite slower growth at home. Source: https://www.autoweek.com