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Ford’s top boss is sounding the alarm on electric vehicles, warning that President Donald Trump’s policies are hurting the industry.
Speaking at the Ford Pro Accelerate conference in Detroit on Tuesday, CEO Jim Farley said he expects U.S. demand for EVs to shrink far more than automakers anticipated.
“I wouldn’t be surprised if EV sales in the US go down to 5%,” Farley told the audience, according to Bloomberg. Sales of EVs currently account for nearly 10% of the broader domestic…
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Ford’s top boss is sounding the alarm on electric vehicles, warning that President Donald Trump’s policies are hurting the industry.
Speaking at the Ford Pro Accelerate conference in Detroit on Tuesday, CEO Jim Farley said he expects U.S. demand for EVs to shrink far more than automakers anticipated.
“I wouldn’t be surprised if EV sales in the US go down to 5%,” Farley told the audience, according to Bloomberg. Sales of EVs currently account for nearly 10% of the broader domestic…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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