Ford’s Model e electric division has stacked up some staggering losses in recent years, recording a $5.1 billion shortfall in 2024. Unfortunately, the automaker said it expects to lose even more in 2025 as a challenging market and an unpredictable political landscape take their toll.
The Blue Oval is predicting a greater than $5 billion loss in 2025, but some of that will be due to investments in EV technology and production infrastructure. Those numbers come after Ford grew its EV business by almost 35 percent in the United States over 2024. It also saw increases in hybrid sales, but its gas models were the foundation of its volume in 2024.
Ford CEO Jim Farley wasn’t shy about the company’s EVs, saying it had discovered that electric trucks had significant shortcomings with towing and weight. He noted that large EVs have “unresolvable issues,” including aerodynamics. The automaker also houses a “skunkworks team” that is working toward cheaper electric vehicles and range-extended EVs.
The company’s mounting losses would be disappointing in a typical business climate, but they stand out compared to Ford’s closest rival, General Motors. It recently announced that it had made more money selling EVs than it spent building them, and while there could be some creative accounting involved there, it’s a significant step forward for a U.S. automaker.
[Images: Ford]
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