flash on Nostr: ⚡️🚘 NEWS: Ford CEO Jim Farley says factory jobs "at risk" if Trump repeals EV ...
⚡️🚘 NEWS: Ford CEO Jim Farley says factory jobs "at risk" if Trump repeals EV credits.
"We've already sunk capital—even though we've rationalized it—in battery production and assembly plants all through Ohio, Michigan, Kentucky, and Tennessee," Farley said. "And many of those jobs will be at risk if the IRA is repealed."
"There is a very underserved group of people where actually running an EV is cheaper than an internal combustion engine product," he said. "But these very large EVs that cost $50,000, $60,000, $70,000—we don't believe that’s the future."
"We've already sunk capital—even though we've rationalized it—in battery production and assembly plants all through Ohio, Michigan, Kentucky, and Tennessee," Farley said. "And many of those jobs will be at risk if the IRA is repealed."
"There is a very underserved group of people where actually running an EV is cheaper than an internal combustion engine product," he said. "But these very large EVs that cost $50,000, $60,000, $70,000—we don't believe that’s the future."