Uploaded July 2026 | Updated September 2026, 2 weeks ago
Ford’s Petrol Trucks Make Billions as EV Sales Collapse 57%
Ford has raised its 2026 adjusted operating-profit forecast to $10–11 billion after second-quarter core profit climbed nearly 20 per cent to $2.5 billion, powered by wealthy American buyers continuing to choose profitable petrol trucks and SUVs.
Its electric business tells a starkly different story. Ford’s US EV sales collapsed 57.4 per cent, while its EV and software division lost $919 million during the quarter and expects to lose roughly $4 billion this year.
Ford once targeted annual EV production exceeding two million vehicles by late 2026. Today, combustion-powered pickups remain the profit engine, forcing difficult decisions over investment, cancellations and the speed of electrification.
The company still plans a $30,000 electric pickup for 2027. Its $1.3 billion headline net loss largely reflects a $3.6 billion charge from dissolving its SK On battery partnership, rather than ordinary trading.
For motorists worldwide, including pickup-loving Gulf markets, the message is blunt: petrol pays.
Ford’s Petrol Trucks Make Billions as EV Sales Collapse 57%
Ford has raised its 2026 adjusted operating-profit forecast to $10–11 billion after second-quarter core profit climbed nearly 20 per cent to $2.5 billion, powered by wealthy American buyers continuing to choose profitable petrol trucks and SUVs.
Its electric business tells a starkly different story. Ford’s US EV sales collapsed 57.4 per cent, while its EV and software division lost $919 million during the quarter and expects to lose roughly $4 billion this year.
Ford once targeted annual EV production exceeding two million vehicles by late 2026. Today, combustion-powered pickups remain the profit engine, forcing difficult decisions over investment, cancellations and the speed of electrification.
The company still plans a $30,000 electric pickup for 2027. Its $1.3 billion headline net loss largely reflects a $3.6 billion charge from dissolving its SK On battery partnership, rather than ordinary trading.
For motorists worldwide, including pickup-loving Gulf markets, the message is blunt: petrol pays.
