Ford, GM Chase Tesla For US EV Crown: 2026 Outlook Signals New Battleground

benzinga_article
2026.01.07 20:22
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Ford and GM are competing with Tesla for the U.S. electric vehicle (EV) market, with 2025 sales figures showing a record 1.3 million EVs sold. GM's Chevrolet Equinox EV topped the sales list, while Ford's F-150 Lightning saw a decline. Both automakers are scaling back EV efforts due to reduced demand and the expiration of federal tax credits, with GM taking a $1.6 billion charge and Ford $19.5 billion. The 2026 EV landscape may shift towards Tesla and other pure-play EV companies as legacy automakers adjust their strategies.