Ford has emphasized consumer choice in fuel types while shifting its EV strategy to one around lower-cost vehicles. Photo by JEFF KOWALSKY/AFP via Getty Images/Postmedia files
Ford Motor Co.’s leader warned of a bleak outlook for electric vehicles (EV) as President Donald Trump’s policies breathe new life into gas-powered cars.
The elimination of a US$7,500 consumer tax credit and softening of emissions rules will sharply curtail EV demand in the United States, according to chief executive Jim Farley. He predicted the share of zero-emission vehicles — currently around 10 per cent of the domestic market — could fall by half.
“I wouldn’t be surprised if EV sales in the U.S. go down to five per cent,” he said Tuesday in a speech in Detroit at a conference Ford is hosting on blue-c