Ford takes $10.7B EV charge, shifts to battery energy storage and commercial fleets for future growth

Ford reported a $10.7 billion impairment charge in 2025 due to Model e asset write-downs and EV program cancellations, marking a costly shift from traditional car manufacturing to energy storage and commercial fleet services. The company is repurposing its Kentucky battery plant to produce advanced battery storage systems, targeting 20 GWh capacity by 2027 with a $1.5 billion investment in 2026. Ford Energy aims to leverage its technology edge and customer service to capture growing demand for battery storage driven by data centers and grid stability needs. Meanwhile, Ford Pro remains a strong revenue source, with commercial vehicle market share and software subscriptions growing. Investors should watch for Ford Energy’s commercial contracts, plant conversion progress, and reduced Model e losses as the new EV platform launches in 2027.