US EditionRecord EV Sales Lead GM, Ford to 8% Increases in Q3 U.S. Auto Sales
Ford CEO Jim Farley warned EV sales could drop from 10% to 5% of the U.S. market after federal tax credits end, prompting a shift toward hybrids and affordable EVs.
- Published on October 1, 2025, Ford Motor Company CEO Jim Farley warned the federal $7,500 electric‑vehicle tax credit's end could halve U.S. EV sales from 10%–12% to about 5%.
- After Sept. 30 the federal $7,500 EV tax credit and $4,000 used-vehicle incentive ended under legislation, while high battery costs and charging infrastructure gaps add economic pressure.
- Ford disclosed all‑electric sales rose 30.2% to more than 30,600 units, and Q3 EV sales forecast of 410,000 units is expected as Model‑e projects up to $5.5 billion in EV losses this year.
- Retooling plants, Ford is adding hybrid production while General Motors and Stellantis extended leasing incentives into the fourth quarter amid tariffs as a $2 billion headwind.
- Facing Chinese competition, Ford invested $2 billion in Kentucky's Louisville Assembly Plant to build a $30,000 midsize electric truck amid battery surplus warnings from BloombergNEF.
12 Articles
12 Articles
Ford CEO says Trump killing off the EV tax credit could cut the industry in half: 'way smaller than we thought'
The federal electric vehicle (EV) tax credit expires at midnight, ending a 17-year policy pillar that helped close the price gap with gasoline vehicles and turbocharged adoption; the immediate fallout is likely softer demand, leaner EV production, and a strategic pivot by legacy automakers toward hybrids and profitable ICE (internal combustion engine) nameplates, while stopgap leasing workarounds cushion some of the blow. The end of the subsidy …
Electrification Coalition - The Day After the End of Federal EV Tax Credits
By EC Senior Communications Associate Liam Condon Federal EV tax credits are (mostly) gone. A glance at headlines such as The EV Tax Credit is Dead, R.I.P. Electric Vehicle Tax Credit, Experts Warn Sales Will ‘Crater’, and Killing Off the EV Tax Credit Could Cut the Industry in Half paints a catastrophic picture—but a closer look at the EV industry can tell a different story.Sales have surged in anticipation …
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