Ford boss Jim Farley has told US media the market share of electric vehicles (EV) in North America could be cut in half following the end of federal incentives on September 30.

The US$7500 ($A11,375) tax credit helped EV and plug-in hybrid vehicle (PHEV) sales jump by 22 per cent in the US last year, and also helped Tesla set record sales in the last quarter of 2025 (July-September).

The US government has also stopped fining car manufacturers for breaching emissions laws, taking away a major revenue stream for Tesla – and enabling the reintroduction of the V8 Hemi engine in Ram pickup trucks.

According to CarScoops , Ford’s global chief believes EV sales will take a significant hit in the wake of the changes.

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