Ford is cutting back production of its F-150 Lightning electric vehicle, a model that President Joe Biden took for a test drive to market his administration’s EV agenda.
Ford made the official announcement that it will be reducing its F-150 Lightning output in 2024 amid slower-than-projected growth in EV demand. Biden test drove a F-150 Lightning in Michigan in May 2021 to promote his administration’s EV agenda, which aims for EVs to make up 50% of all new auto sales by 2030.
“Ford is reducing production of F-150 Lightning, the top-selling electric pickup in the U.S., to achieve the optimal balance of production, sales growth and profitability,” the company announced on Friday. “Ford expects continued growth in global EV sales in 2024, though less than anticipated, and is preparing to launch next-generation EVs.”
The company is not currently…
