Ford Electric-Vehicle Sales Sink After Key Tax Credit Ends
NegativeFinancial Markets

- Ford's electric vehicle sales have declined significantly in November, prompting the company to consider discontinuing the electric version of its F-150 truck following the expiration of a federal tax credit for electric vehicles.
- This decline in sales is critical for Ford as it navigates a competitive market for electric vehicles, where the loss of tax incentives may hinder its ability to attract buyers and maintain its market share against rivals like Tesla.
- The situation reflects broader challenges faced by traditional automakers, including ongoing recalls and production issues, which have compounded financial losses in the electric vehicle sector, highlighting the difficulties in transitioning to sustainable automotive technologies.
— via World Pulse Now AI Editorial System
