Ford announced a sweeping overhaul of its electric vehicle program that will scrap several planned battery models, convert the all-electric F-150 Lightning to an extended-range plug-in configuration and shift investment toward hybrids, plug-in hybrids and smaller, lower-cost electric cars.The company said Model e incurred roughly $13 billion in losses over the past two years, will record about $19.5 billion in special items mostly in the fourth quarter and will take approximately $5.5 billion in cash charges through 2027 while pursuing a new commercial stationary battery storage business expected to reach about 20 gigawatt-hours of annual capacity by 2027.Executives including Jim Farley, Andrew Frick and Lisa Drake said the moves respond to weak demand, high costs and regulatory changes such as the elimination of a $7,500 federal EV tax credit, and Ford forecast at least 1,600 job reductions alongside the potential to create 2,100 new positions as plants are retooled.