Ford CEO expects that Trump’s EV policies can reduce the demand

The VIP president highlights electric cars, warning that President Donald Trump’s policies hurt this industry.

Speaking at the Ford Pro conference in Detroit on Tuesday, CEO Jim Farley said he expected Evs to shrink much more than car manufacturers expected.

“I will not be surprised if EV sales decrease in the United States to 5 %,” Farley told the public. Bloomberg. EVS sales currently account for about 10 % of the wider local market.

Farley’s warning comes while Trump, in his second term, has provided a series of policies targeting the EV market. The biggest blow is the end of the $ 7,500 federal tax credit, which is officially expired today. This incentive was canceled according to the law of a beautiful, beautiful draft law for management.

If there is a silver lining, then this is that the deadline that is looming on the horizon temporarily strengthens sales. Gallopnik reports 146332 electric cars were sold in August, which is the highest monthly balance in the history of the United States.

But the end of this support is not the only obstacle to the industry. Earlier this year, Trump retreated federal emissions standards and stripped states of the ability to develop tougher rules. This step has wiped California bases and other state bases that were required to sell car manufacturers to sell more emissions.

The EV industry does not deal with the opposite winds of politics only. Illon Musk’s lack of popularity He stopped some buyers, and the request may decrease not only on Tesla but to EVS in general.

At the same time, the Trump ice raid for the Hyundai EV battery factory was delayed by the project by up to up to up to up to up to up to up Three months.

All this disorder has auto manufacturers to rethink their strategies. Some Delay launchWhile others are quietly converting money to internal combustion vehicles.

Nissan said in August that it would delay the production of three new SUVs in its facility in Mississippi, which first prompted from 2025 to 2028.

Honda also raised the large electrical SUV plans that were identified for 2027.