U.S. Auto Sales Keep Motoring Higher Despite Uncertainty

U.S. auto sales keep motoring higher despite uncertainty

General Motors, Ford, Toyota have reported strong third quarter sales gains. Industry analysts believe the end of the electric vehicle tax credit spurred temporary surge for those vehicles.

Ford CEO Fears EV Sales Will Drop By 50% Because They Based Their Business Model Government On Incentives - AutoSpies Auto News

Ford CEO Fears EV Sales Will Drop By 50% Because They Based Their Business Model Government On Incentives

Ford Boss Warns EV Sales Could Collapse To Half

Jim Farley says the EV market will be smaller than previously expected. EVs currently account for between 10to 12 percent of the US car market. Ford says its EV team is frequently analyzing the demand for electrified cars. The end of the federal EV tax credit has left the industry on edge, and Ford’s top executive is warning of serious consequences. Without the $7,500 incentive, Jim Farley believes demand for electric vehicles in the United Stat…

Ford CEO: Tariffs are 2 Billion $ Headwind

CNBC: Farley on Tuesday said he “wouldn’t be surprised” if sales of EVs fell from a market share of around 10% to 12% this month — which is expected to be a record — to 5% after the incentive program ends. “I think it’s going to be a vibrant industry, but it’s going to be … Continue reading "Ford CEO: Tariffs are 2 Billion $ Headwind"