According to Automotive News, Ford Motor Co. is temporarily suspending production of its F-150 Lightning electric truck model due to lower-than-expected demand.
The production suspension will begin in mid-November and last until January 2025. According to Go to car news. According to CNN, President Joe Biden test drove the same pickup model in Michigan in May 2021 as part of his push for electric vehicles and to garner support from auto workers. reported.
“We continue to adjust production for the best combination of sales growth and profitability,” Ford said in a statement, Automotive News reported.
Ford posted a loss of about $1.2 billion in the third quarter of this year, after posting a $1.3 billion loss related to electric vehicles (EVs) in the first quarter of this year. Ford CEO Jim Farley also recently admitted to driving a Chinese-made electric car. (Related: Ford’s electric truck plan scuttled by battery fire)
The company has been trying to increase consumer interest in EVs, announcing in September that it would provide free EV chargers and home equipment to customers starting in October. In August, Ford announced that it would cancel production plans for a three-row electric SUV.
CHICAGO, IL – JUNE 5: A Lightning badge is displayed on a Ford F-150 Lightning electric pickup truck at a dealership in Chicago, Illinois on June 5, 2024. Ford Motor Company reported an 11.2% increase in sales last month compared to May of last year, driven by strong growth in sales of all-electric vehicles and hybrid models. (Photo by Scott Olson/Getty Images)
The Biden-Harris administration has launched a number of initiatives to encourage the transition to EVs, including introducing a $7,500 tax credit for EVs purchased in August 2022. Biden also announced strict tailpipe emissions regulations in March 2024 and previously promised to install 500,000 EV chargers by 2030.
U.S. auto sales remain below pre-pandemic levels. Various other US automakers have also been forced to adjust their EV plans, with General Motors reporting a $1.7 billion loss on EVs in the fourth quarter of 2023.
Ford did not immediately respond to a request for comment from the Daily Caller News Foundation.
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