Chinese automakers’ control of the global EV market and declining US EV sales pressure Ford and GM’s future profitability.
Tesla’s $1.49 trillion market cap surpasses Ford’s $56 billion despite selling fewer than 2 million vehicles, compared to Ford’s 4.5 million. The disparity highlights the growing gap in EV leadership as Chinese automakers expand globally.
US EV sales account for just 5% of new car purchases and fell over 20% year-over-year, undermining Ford’s push into electric pickups. Tariffs protecting US automakers from Chinese competition may not last, increasing long-term risks.
Industry warnings suggest time is running out for Ford and GM to adapt, with potential consequences for hundreds of thousands of jobs and supply chains. The shift away from large SUVs and pickups in favor of EVs could reshape the US auto sector.