After Struggling With EVs, US Automakers Pivot to Energy

Ford and GM are backing away from electric vehicles and moving into the battery storage business. And it all comes back to AI. Automakers 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. Whether it works will come down to the same technology that automakers once promised would power the majority of their lineups: batteries .