{"id":78336,"date":"2026-02-06T08:09:26","date_gmt":"2026-02-06T11:09:26","guid":{"rendered":"https:\/\/automotive.einnews.com\/article\/889955185"},"modified":"2026-02-06T08:09:26","modified_gmt":"2026-02-06T11:09:26","slug":"us-ev-slowdown-drives-55-billion-hit-for-carmakers","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/06\/us-ev-slowdown-drives-55-billion-hit-for-carmakers\/","title":{"rendered":"US EV slowdown drives $55 billion hit for carmakers"},"content":{"rendered":"
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Global carmakers have booked some $55 billion in writedowns \u200din the past year as \u200bthey scale back electric vehicle ambitions on a tough \u2060U.S. market under President Donald Trump, price wars in China and a more complex mix of vehicle types in Europe.<\/p>\n

The latest to join the growing pile is Jeep-to-Fiat \u200cowner Stellantis, which \u200crevealed charges of around 22.2 billion euros ($26.5 billion) in the second half of 2025, dragging its \u200cshares down over 20% to six year lows.

Stellantis CEO Antonio Filosa said the writedowns were due to the “cost of over-estimating the pace of the energy transition”, echoing similar comments by peers Ford, General Motors and Volkswagen.<\/p>\n

Legacy carmakers \u200bare struggling to keep up with new entrants, \u200bespecially from China, and watered down electrification targets in Europe and \u200cin particular \u200dthe U.S., a key market where the EV shift has \u200dstalled sharply.<\/p>\n

STELLANTIS<\/b><\/p>\n


The Franco-Italian automaker booked on February 6 \u200cits huge writedown, the biggest yet, which it said was linked to rejigging its product lineup to meet consumer demand and new emission regulations in the United States.
The writedown includes payments of approximately 6.5 billion euros expected to be made over the next four years.FORD MOTOR<\/b><\/p>\n

The Dearborn, Michigan-based company said in December it would take \u200da $19.5 billion writedown and kill several EV models, and pivot hard into gas and hybrid models instead.<\/p>\n

GENERAL MOTORS<\/b><\/p>\n

The largest \u200dU.S. automaker \u2060by sales said \u2060in January it would take a $6 billion charge to unwind some electric-vehicle investments, including a $4.2 billion cash charge related to contract cancellations and settlements with suppliers.<\/p>\n

VOLKSWAGEN\/PORSCHE<\/b><\/p>\n

Volkswagen, Europe’s top carmaker, said last September it would take a 5.1 billion euro ($6 billion) hit from a far-reaching product overhaul at its Porsche unit, which delayed some EV models in favour of hybrids and combustion engine cars.<\/p>\n

That included an around $3.5 billion impairment charge.<\/p>\n

<\/a><\/strong> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Global carmakers<\/span> have booked some $55 … General Motors and Volkswagen. Legacy carmakers<\/span> \u00e2\u0080\u008bare struggling to keep up … sharply. STELLANTIS The Franco-Italian automaker<\/span> booked on February 6 \u00e2\u0080\u008cits … Volkswagen, Europe's top carmaker<\/span>, said last September it would …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-78336","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/78336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=78336"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/78336\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=78336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=78336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=78336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}