Ford Motor Company CEO Jim Farley predicts a 50% drop in demand for electric vehicles after federal tax incentives end. Sales expected to fall from 10-12% market share to 5% in the U.S. Farley highlights easier acceptance of hybrid vehicles for customers. The Trump administration’s bill will impact EV sales and Ford’s EV strategy. Cox Automotive forecasts record EV sales of 410,000 units in the third quarter, up 21% from last year. Buyers pulling ahead to purchase EVs before incentives end. Farley mentions stress on the auto industry to adapt to policy changes and discusses implications for Ford’s battery plants and EV capacity.

Read more at CNBC: Ford CEO expects EV sales to be cut in half after end of tax credits