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Ford CEO Warns U.S. EV Sales Could Halve After Federal Subsidies End
['Thomas Richard']
Climate Change Dispatch
Ford Motor CEO Jim Farley said he expects demand for all-electric vehicles to be slashed in half next month following the end of federal tax incentives on Wednesday.
“We’re going to find out in a month.
I wouldn’t be surprised that the EV sales in the U.S. go down to 5%.”Farley said the industry learned that “partial electrification,” such as hybrids, is easier for customers to accept for the time being.
Farley said his Model E EV team is analyzing the demand for non-gas-powered vehicles each day.
They’re fast, they’re efficient, you don’t go to the gas station, but they’re expensive,” Farley said.