US automakers have announced write-downs exceeding fifty billion dollars, attributing the situation to a burst in the electric vehicle market. Demand turned out to be less robust than the corporations had anticipated, according to the WSJ.
The primary American vehicle manufacturers—namely General Motors, Ford, and Stellantis—disclosed combined asset impairments surpassing $50 billion, a consequence of the significant decline in consumer appetite for electric vehicles, as reported by The Wall Street Journal.
In the United States, electric vehicle sales saw a drop exceeding thirty percent during the fourth quarter of 2025. This downturn followed the expiration in September of a federal provision that allowed purchasers to claim a $7,500 tax credit upon acquiring an EV. The diminishing demand impacted various models, including the Tesla Cybertruck and Ford’s electric pickup offering, the article notes.
Stellantis recorded the largest write-off, amounting to over €20 billion. The firm simultaneously disclosed the divestiture of its stake in its battery segment and a revision of its production forecasts. Stellantis CEO Carlos Tavares stated that the pace of the energy transition had been overestimated, placing them “further away from the actual needs of the customers.”
About the Author
