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Ford Reassesses EV Market as Tax Credit Phase-Out Threatens Demand
Ford Reassesses EV Market as Tax Credit Phase-Out Threatens Demand
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BTCCSquare news:
Ford Motor Company (NYSE:F) shares dipped Tuesday after CEO Jim Farley warned of a potential 50% contraction in the electric vehicle market when federal tax credits expire. The automaker now anticipates EV adoption rates could halve from current 10-12% penetration to just 5% without subsidy incentives.
"The industry will remain vibrant but significantly smaller than projected," Farley stated, citing simultaneous headwinds from changing emissions regulations and the looming $7,500 credit elimination. Hybrid vehicles appear positioned to benefit from consumer preference for transitional technologies over full electrification.
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