Ford’s CEO Sees Trump Policies Cutting US EV Market in Half (1)

Ford Motor Co.’s leader warned of a bleak outlook for electric vehicles as President Donald Trump’s policies breathe new life into gas-powered cars.

The elimination of a $7,500 consumer tax credit and softening of emissions rules will sharply curtail EV demand in the US, according to Chief Executive Officer Jim Farley. He predicted the share of zero-emission vehicles — currently around 10% of the domestic market — could fall by half.

“I wouldn’t be surprised if EV sales in the US go down to 5%,” he said Tuesday in a speech in Detroit at a conference Ford ...