The U.S. electric vehicle market is established and ready to grow without federal subsidies, according to Jon McNeill, a former Tesla president of global sales and service and current GM board member. Speaking to CNBC on Thursday, McNeill expressed confidence that despite the recent expiration of a key EV tax credit, the industry will continue…
“I wouldn’t be surprised if EV sales in the U.S. go down to 5% [from 10%],” Farley said. (Andrej Ivanov/Bloomberg) September 30, 2025 1:38 PM, EDT Key Takeaways: Ford CEO Jim Farley warned Sept. 30 that U.S. electric vehicle sales could fall to 5% of the market as Trump administration policies favor gas-powered cars. He…
Uptick in Tesla vandalism amid DOGE backlash Elon Musk’s Teslas are being vandalized at a higher rate as he faces backlash for federal cuts and firings. WASHINGTON – Donald Trump liked the shiny red car. “I want the same color,” he said, pointing to a Tesla Model S, before slipping into the driver’s seat. The…
Want to comment on this story? Become a subscriber today. Click here. New York – The U.S. stock market is holding steadier on Wednesday, for now at least, following the sharp tumble that wiped out the last of the “Trump bump” it received following the presidential election in November. The S&P 500 was basically unchanged…
Ford Motor Co. has announced plans to reduce its European workforce by 14%—eliminating 4,000 jobs by the end of 2027—as it faces mounting challenges in the electric vehicle (EV) market. The move comes amid sluggish sales, stiff competition from subsidized Chinese automakers, and what Ford describes as a lack of government support for EV adoption,…