Brian Wang For years all the Tesla haters would talk about how EV competition was coming for Tesla. Now Ford is cancelling the F-150 Lightning and it will be replaced with an extended range hybrid. Ford CEO Jim Farley: “Instead of plowing billions into the future knowing these large EVs will never make money, we are pivoting.” Ford has announced it expects to take a massive $19.5 billion write-down related to its EV investments. The sum is among the largest impairments ever taken by a company. Ford, which has lost $13B on its EV business since 2023. They will add more gas-powered vehicles and shift to a hybrid extended electrical range. “Instead of plowing billions into the future knowing these large EVs will never make money, we are pivoting,” Ford Chief Executive Jim Farley said in an interview. Brian Wang Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology. Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels. A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements. Categories