How have Ford's EV plan changes impacted battery makers?

Ford's cancellation of EV battery orders has pressured South Korean battery giants like LG Energy Solution and SK On, leading to stock drops and portfolio adjustments.

What US policy changes are affecting the EV market?

President Trump's actions include scrapping EV tax credits and proposing cuts to fuel-efficiency standards, slowing EV momentum.

Which countries' automakers are reassessing EV strategies?

South Korean and Japanese automakers, including LG Energy Solution, SK On, Honda, and Toyota, are re-evaluating their EV investments.

Home / Business and Economy / EV Plans Stalled: Ford, US Policy Shifts Shake Global Market

EV Plans Stalled: Ford, US Policy Shifts Shake Global Market

19 Dec, 2025

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Summary

Ford cancels EV battery orders, halts F-150 Lightning production.
US policy shifts and European rollback add to EV demand concerns.
Asian automakers like Honda and Toyota slow EV investments.

EV Plans Stalled: Ford, US Policy Shifts Shake Global Market

The global electric vehicle (EV) landscape is experiencing a significant reality check as major automakers adjust strategies. Ford's recent announcement to cancel a substantial EV battery order for Europe and halt production of its F-150 Lightning truck has sent shockwaves through the industry. This move, alongside proposed rollbacks on combustion-engine car bans from 2035 in Europe, is increasing concerns about long-term EV demand.

These developments are forcing major battery and car manufacturers in South Korea and Japan to rework their plans. LG Energy Solution and SK On have faced pressure and portfolio adjustments following Ford's strategic shifts. Japanese automakers, including Honda and Toyota, are now slowing their EV transitions, cutting planned investments and postponing EV battery plant projects, reinforcing a focus on hybrid and internal combustion engine vehicles.