Ford CEO Predicts Trump’s EV Policies Could Cut Demand in Half
Ford CEO Jim Farley has expressed concerns that the Trump administration's policies on electric vehicles (EVs) could significantly reduce demand in the US market. Farley's remarks coincided with the expiration of the EV tax credit, a crucial incentive that has helped drive EV adoption in the country. Farley warned that the loss of the tax credit, combined with other policy changes, could cut EV demand in half. The CEO acknowledged the importance of government support in fostering the growth of the EV industry, which is still in its early stages. The article highlights the potential impact of the Trump administration's policies on the future of electric vehicles in the US. Farley's comments underscore the industry's reliance on government incentives and the need for a stable policy environment to support the transition to clean transportation.
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