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EV Market Crisis: $50 Billion Losses Force Automaker Cuts

2/17/2026

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Summary

Story summary

Automakers have incurred $50 billion in EV-related losses, prompting a reevaluation of production plans.
The U.S. EV market share fell to 7.8% in 2025, with 72 EV models available.
General Motors (GM) and Ford Motor Company (Ford) have canceled EV programs, including the Chevrolet Bolt and F-150 Lightning.
Honda Motor Co., Ltd. (Honda) reported $1.7 billion in write-offs and is negotiating compensation with GM.

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Story summary

Automakers have incurred $50 billion in EV-related losses, prompting a reevaluation of production plans.
The U.S. EV market share fell to 7.8% in 2025, with 72 EV models available.
General Motors (GM) and Ford Motor Company (Ford) have canceled EV programs, including the Chevrolet Bolt and F-150 Lightning.
Honda Motor Co., Ltd. (Honda) reported $1.7 billion in write-offs and is negotiating compensation with GM.