The CEO of Ford predicts that Trump’s EV policies could halve the demand by half

Ford’s best boss rings the alarm on electric vehicles, warning that President Donald Trump’s policies harm industry.

Speaking Tuesday at the Ford Pro Conference Accelerate in Detroit, CEO Jim Farley said he expected that the demand for electric vehicles decreases much more than the car manufacturers had provided it.

“I would not be surprised if sales of electric vehicles in the United States fall at 5%,” Farley told the public, according to Bloomberg. EV sales currently represent almost 10% of the larger internal market.

Farley’s warning occurs while Trump, in his second term, deployed a series of policies for the electric vehicle market. The greatest blow being the end of the federal tax credit of 7,500 EV, which has officially expired today. This incentive was abandoned under the Great Administration Act.

If there is a silver lining, the imminent deadline has temporarily increased sales. Jalopnik reports that 146,332 electric cars were sold in August, the highest monthly number in American history.

But the end of this subsidy is not the only obstacle in industry. Earlier this year, Trump returned the federal standards of emissions and stripped states of the ability to establish their own stricter rules. This movement has destroyed the rules of California and other states which would have forced car manufacturers to sell more zero emission vehicles.

The electric vehicle industry is not facing political opposites either. Elon Musk’s growing unpopularity has disabled certain buyers, potentially arousing demand not only for Tesla but for electric vehicles in general.

Meanwhile, Trump’s ice raid from a Hyundai EV battery factory under construction delayed the project for up to three months.

All these turbulence have car manufacturers rethinking their strategies. Some delay the launches, while others are quietly changing money in internal combustion vehicles.

Nissan said in August that it would delay the production of three new electric SUVs more in its Mississippi facilities, pushing the beginnings of 2025 until 2028.

Honda also put aside the plans for a large electric SUV which had been planned for 2027.