After Struggling With EVs, US Automakers Pivot to Energy
US automakers are shifting focus from electric vehicles to battery energy storage systems. Ford has announced the creation of a subsidiary, Ford Energy, to develop and sell these systems, which has positively impacted its stock price. Other companies like GM and Stellantis are also pivoting towards energy storage, reflecting a broader trend in the industry.
- ▪Ford is spinning off a subsidiary called Ford Energy to focus on battery energy storage systems.
- ▪The announcement led to a 13 percent increase in Ford's stock price, marking its largest gain in years.
- ▪General Motors and Stellantis are also transitioning to energy storage, with various partnerships and projects underway.
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| Original publisher | WIRED |
| Canonical URL | https://www.wired.com/story/after-struggling-with-evs-us-automakers-pivot-to-energy/ |
| Publication time | Sat, 16 May 2026 10:00:00 +0000 |
| Retrieval time | 2026-05-16T10:05:18.114Z |
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Aarian MarshallGearMay 16, 2026 6:00 AMAfter Struggling With EVs, US Automakers Pivot to EnergyFord and GM are backing away from electric vehicles and moving into the battery storage business. And it all comes back to AI.Courtesy of FordCommentLoaderSave StorySave this storyCommentLoaderSave StorySave this storyAutomakers make cars—it’s in the name. But lately, politics, current events, and Wall Street’s latest preoccupation, artificial intelligence, have them looking a lot more like energy companies. The pivot, analysts say, could give US auto manufacturers struggling through a transition to electric vehicles an easier path over the next few years.
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