Ford CEO lays out bleak European EV future
Farley says European auto industry slammed by unrealistic regulations on one side and Chinese imports on tbe other
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Fresh from a business victory last week after President Donald Trump rolled back fuel economy standards in the U.S. for automakers, Ford CEO Jim Farley pushed European lawmakers to scrap electric vehicle regulations that are “out of step with market reality.”
Writing in an op-ed in the Financial Times this morning, Farley warned Brussels that it was destroying the European auto industry with carbon mandates and EV transition deadlines that were “de-coupled from the reality of consumer demand.”
Arguing that the EV market share in Europe has stagnated at about 16%, Farley painted a bleak future for manufacturing in general in Europe that includes closed plants, lost jobs, and a flood of Chinese imports if regulations don’t ease up.
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