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Posted on 10/02/2025 3:54:43 PM PDT by TigerClaws
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 is a structural shock already rippling upstream: Battery makers face a growing U.S. surplus and shelved factory plans, undermining stated reshoring ambitions and setting up a whipsaw risk of future shortages if capacity is cut too deeply.
Ford CEO Jim Farley, speaking at the Ford Pro Accelerate summit in Detroit on Tuesday, said he sees a huge impact from the policy change. While he still sees EVs being a “vibrant industry” going forward, it’s also “going to be smaller, way smaller than we thought.” He called the end of the $7,500 consumer incentive a game-changer and said he wouldn’t be surprised if EV sales in the U.S. go down to 5% of the industry from the current level of roughly 10% to 12%. The most recent forecast from J.D. Power and GlobalData estimated that EVs would account for 12.2% of new-vehicle sales in September 2025.
Farley reminded the audience that he always says, “The customers are pesky. They surprise you.” And what he’s learned is that “customers are not interested in a $75,000 electric vehicle. They find them interesting. They’re fast. They’re efficient. You don’t go to the gas station. But they’re expensive.”
(Excerpt) Read more at finance.yahoo.com ...
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Auto manufacturers thought they would an endless taxpayer dollars for making Garbage no one wanted
Blah, blah, blah.
Blame the cabal you probably supported who pushed the mandates.
Good. Though there are still plenty of retards who will buy electric
Even leftist Yahoo admitting that ICE cars are what's profitable in a free market. EV's don't sell well in a free market without govt subsidies. (Exceptions being certain use case scenarios where an EV makes sense, but those aren't the norm.)
Woo hoo! More winning!
The market just isn’t there for mass ev adoption. Nor is the charging infrastructure. Nor is the generating or grid capacity. Call me back in 30 years.
Good, I hated paying for another person car.
Car manufactures should go back to making cars people want to drive
Let the market set the demand and the automobile manufacturers will follow.
Good how many taxpayers taxes go to subsidize bullshit electric cars,
The grift is gone
Everyone I know who has bought a pure electric car has another car in the family for long distance or quick fueling.
Winning. Not tired of winning.
The industry needs to reflect the demand not the demand with subsidies. The actual cost in terms of additional road wear, disposal cost, issues and all other hidden costs must be reflected in the cost of such vehicles.
Didn’t Ford say it was going ALL electric a few years ago ,LOL
Saying that ought to help.
“He called the end of the $7,500 consumer incentive a game-changer and said he wouldn’t be surprised if EV sales in the U.S. go down to 5% of the industry from the current level of roughly 10% to 12%.”
The tax credit given for EV’s is further proof every time government gets involved it turns to crap...remind me again- what did Ford do to the prices of their EV’s once the $7500 tax credit passed?? Right- they raised the prices by $8000
https://www.cnn.com/2022/08/26/business/ford-mustang-mach-e-price-increases
$7500 IS THE TOTAL I PAID FOR A USED 1979 BUICK & A USED 1976 1 TON CHEVY TRUCK...$3500 & $4000 1981 & 1986
STILL DRIVING BOTH
Hybrids have always been the way to go. Nobody wants to plug in their car or worry about that stuff while traveling. Hybrids are self-charging and the consumer saves a lot of money on fuel. It’s a win-win.
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