New York State Withdraws Commercial Robotaxi Proposal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy F?
Source: CNBC
- Proposal Withdrawal Impact: New York Governor Hochul's withdrawal of the commercial robotaxi proposal significantly impacts Waymo, which plans to expand its services to several new cities, indicating a lack of support for autonomous vehicle technology in the state.
- Market Potential Limited: The proposal aimed to allow limited deployment of robotaxis outside New York City, but opposition from labor unions and transit workers prevented it from gaining necessary support, restricting Waymo's market expansion opportunities in New York.
- Testing Permit Unaffected: Despite the proposal's withdrawal, Waymo's testing in New York City will continue, having received a permit from the Department of Transportation, indicating that the company's long-term strategy in the region remains intact.
- Intensifying Competition: Waymo plans to launch its commercial driverless ride-hailing service in cities like Dallas, Denver, and Washington D.C., but faces increasing pressure from competitors such as Tesla and Amazon-owned Zoox, intensifying market competition.
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Analyst Views on F
Wall Street analysts forecast F stock price to fall
14 Analyst Rating
3 Buy
10 Hold
1 Sell
Hold
Current: 13.850
Low
11.00
Averages
13.65
High
16.00
Current: 13.850
Low
11.00
Averages
13.65
High
16.00
About F
Ford Motor Company is an automobile company. The Company develops and delivers Ford trucks, sport utility vehicles, commercial vans and cars, and Lincoln luxury vehicles, along with connected services. The Company’s segments include Ford Blue, Ford Model e, Ford Pro, and Ford Credit. The Ford Blue segment primarily includes the sale of Ford and Lincoln internal combustion engine (ICE) and hybrid vehicles, service parts, accessories, and digital services for retail customers. The Ford Model e segment primarily includes the sale of its electric vehicles, service parts, accessories, and digital services for retail customers. The Ford Pro segment primarily includes the sale of Ford and Lincoln vehicles, service parts, accessories, and services for commercial, government, and rental customers. The Ford Credit segment consists of the Ford Credit business on a consolidated basis, which is primarily vehicle-related financing and leasing activities. Its vehicle brands are Ford and Lincoln.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Potential Limited: The proposal aimed to allow limited deployment of robotaxis outside New York City, but opposition from labor unions and transit workers prevented it from gaining necessary support, restricting Waymo's market expansion opportunities in New York.
- Testing Permit Unaffected: Despite the proposal's withdrawal, Waymo's testing in New York City will continue, having received a permit from the Department of Transportation, indicating that the company's long-term strategy in the region remains intact.
- Intensifying Competition: Waymo plans to launch its commercial driverless ride-hailing service in cities like Dallas, Denver, and Washington D.C., but faces increasing pressure from competitors such as Tesla and Amazon-owned Zoox, intensifying market competition.
See More
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See More
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- Electrification Challenges: Ford faced $19.5 billion in losses on its first-gen EVs, and despite demand falling short of expectations, the company is pivoting to develop a new universal electric vehicle platform, planning to launch a midsize electric pickup priced around $30,000, aiming for profitability from the outset.
- Manufacturing Efficiency Gains: The new platform reduces total parts by 20% and cuts 40% of process workstations on the factory floor, allowing Ford to lower production costs through streamlined manufacturing processes, thereby enhancing overall profitability.
- Battery Cost Control: Ford opts for lithium iron phosphate (LFP) batteries, which are cheaper and safer, as batteries account for over 40% of an EV's total cost; reducing battery costs is crucial for Ford to achieve profitability in its electric vehicle lineup.
- Market Risks and Opportunities: Although EV penetration in the U.S. is only 6%-8%, Ford remains optimistic about the midsize electric pickup's market potential, believing it meets consumer demand for affordability and utility, potentially filling a market gap and driving sales growth.
See More
New York State Withdraws Commercial Robotaxi Proposal
- Proposal Withdrawal Impact: New York Governor Hochul's withdrawal of the commercial robotaxi proposal significantly impacts Waymo, which plans to expand its services to several new cities, indicating a lack of support for autonomous vehicle technology in the state.
- Market Potential Limited: The proposal aimed to allow limited deployment of robotaxis outside New York City, but opposition from labor unions and transit workers prevented it from gaining necessary support, restricting Waymo's market expansion opportunities in New York.
- Testing Permit Unaffected: Despite the proposal's withdrawal, Waymo's testing in New York City will continue, having received a permit from the Department of Transportation, indicating that the company's long-term strategy in the region remains intact.
- Intensifying Competition: Waymo plans to launch its commercial driverless ride-hailing service in cities like Dallas, Denver, and Washington D.C., but faces increasing pressure from competitors such as Tesla and Amazon-owned Zoox, intensifying market competition.
See More
Ford Shifts Focus to Hybrid Vehicles Amid EV Challenges
- Hybrid Profitability Surge: Ford CEO Jim Farley highlighted that some of Ford's hybrid models have become profitable, with increasing customer demand indicating a sustainable path for the company amid its electric vehicle transition challenges.
- Significant Sales Growth: In 2025, Ford sold over 228,000 hybrids in the U.S., marking a nearly 22% increase year-over-year, which not only set a quarterly and annual sales record for Ford but also solidified the F-150 hybrid's status as America's best-selling full-size hybrid pickup.
- Decline in EV Market Share: Despite the strong performance of hybrids, Ford's full EV sales fell by 14% in 2025 and plummeted 52% in Q4, primarily due to the loss of the $7,500 federal EV tax credit, highlighting challenges in the electric vehicle market.
- Future Strategic Planning: Ford is not abandoning the EV market but plans to introduce a new Universal EV Platform and a midsize electric pickup in 2027, demonstrating the company's long-term commitment to electric vehicles, even as it shifts focus to hybrids for immediate profitability.
See More
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- Hybrid Profitability Surge: Ford CEO Jim Farley noted that in 2024, some of Ford's hybrid models became more profitable than their gasoline counterparts, indicating a positive shift in consumer preference towards these transitional solutions, which is expected to enhance the company's financial performance.
- Record Sales Performance: In 2025, Ford sold over 228,000 hybrids in the U.S., marking a nearly 22% increase year-over-year, setting both fourth-quarter and full-year sales records, while the F-150 hybrid maintained its status as America's best-selling full-size hybrid pickup, reflecting strong market demand.
- EV Market Challenges: Despite the robust hybrid sales, Ford's full EV sales declined by 14% in 2025 and plummeted 52% in Q4, primarily due to the loss of the $7,500 federal EV tax credit, highlighting the complexities of the market transition.
- Future EV Strategy: Ford is not abandoning the EV market but plans to launch a new Universal EV Platform and a midsize electric pickup in 2027, demonstrating the company's long-term commitment to electric vehicles, even as hybrids remain the focus for profitability in the short term.
See More
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- Policy Rescission Impact: The Trump administration's Department of Energy has rescinded a rule that incentivized automakers to produce more EVs, which could further pressure the EV market already affected by the rollback of the 2009 EPA Endangerment Finding.
- Fuel Economy Calculation: The rescinded 'fuel content factor' allowed automakers to calculate fleetwide fuel economy by assigning higher efficiency figures to EVs, thus lowering overall fuel consumption metrics, and its removal will diminish the competitive edge of EVs.
- Court Ruling Basis: The DOE cited a September appeals court decision as the basis for this policy reversal, indicating that the legal environment is increasingly influencing EV policies, which may lead to more adjustments in similar regulations in the future.
- Market Reaction Expectations: With this policy change, major automakers like GM and Ford may need to reassess their EV strategies to navigate the increasingly challenging market environment and policy hurdles.
See More
Ford's EV Business Losses Exceed $16 Billion
- EV Business Losses: Ford has incurred over $16 billion in losses on its electric vehicle business since 2022, with a slight improvement to $4.8 billion in Q4 2023, yet it still anticipates losses of $4 billion to $4.5 billion in 2026, highlighting the high costs of its EV strategy amid an unprepared market.
- Shareholder Return Comparison: While Ford returns most value to shareholders through dividends, General Motors has initiated a $10 billion stock buyback in 2023, with an additional $6 billion authorized for both 2024 and 2025, reflecting differing capital allocation strategies between the two automakers.
- Future Outlook: Ford plans to launch a new midsize electric truck priced around $30,000 by 2027, utilizing its new
See More
