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........