{"id":2124048,"date":"2023-12-13T14:43:02","date_gmt":"2023-12-13T19:43:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-says-the-ev-market-is-rapidly-growing-ford-just-halved-its-electric-truck-production\/"},"modified":"2023-12-13T14:48:23","modified_gmt":"2023-12-13T19:48:23","slug":"biden-says-the-ev-market-is-rapidly-growing-ford-just-halved-its-electric-truck-production","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-says-the-ev-market-is-rapidly-growing-ford-just-halved-its-electric-truck-production\/","title":{"rendered":"Biden Says the EV Market is \u2018Rapidly Growing.&#8217; Ford Just Halved Its Electric Truck Production."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-says-the-ev-market-is-rapidly-growing-ford-just-halved-its-electric-truck-production%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2124048&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><blockquote>\n<h2>Top American Automaker Cuts Electric Truck Production Despite White House&#8217;s Optimistic Report \u2063on EV Demand<\/h2>\n<figure><figcaption>President Joe Biden drives the\u2064 electric Ford\u200c F-150 Lightning \u2062at the Ford Dearborn \u2062Development\u2064 Center on May 18, \u20622021.<\/figcaption><\/figure>\n<\/blockquote>\n<div>\n<p>The \u200cWhite House released a\u200c report on Monday, known as &#8220;Bidenomics,&#8221; which highlighted the rapid growth of\u200c the electric vehicle market. \u2064However, just hours later, Ford announced a \u200csignificant reduction in the production of its electric truck due to insufficient demand.<\/p>\n<p>The report, authored \u2064by White House chief\u200d economist Heather Boushey, emphasized the rapidly growing consumer market for EVs in\u2062 the\u200c United States \u200band praised President Biden&#8217;s efforts to accelerate the \u200btransition to electric vehicles. Ford&#8217;s leaked memo, however, revealed that the automaker plans to produce only\u2062 half of\u2064 the initially\u2064 intended number of F-150 Lightnings in 2024. The memo\u2063 cited changing market demands as the reason for the production cuts.<\/p>\n<p>A Ford spokeswoman stated, &#8220;We&#8217;ll continue to match production with consumer demand.&#8221;<\/p>\n<p>For President Biden, Ford&#8217;s announcement is \u200ba\u200c significant setback to his vision of boosting American\u2062 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-pitches-4-trillion-spending-plans-and-refocusing-us-auto-industry-around-electric-vehicles\/\" title=\"Biden Pitches  Trillion Spending Plans And Refocusing US Auto Industry Around Electric Vehicles\">electric vehicle production<\/a> as part of\u2064 his modern American industrial strategy. While Biden believes\u2064 this push will\u2063 create a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/14-state-attorneys-say-keystone-cancellation-delivers-crippling-economic-injuries-threaten-legal-action\/\" title=\"14 State Attorneys Say Keystone Cancellation Delivers \u2018Crippling Economic Injuries,\u2019 Threaten Legal Action\">clean energy economy<\/a> and high-paying jobs, automakers have expressed concerns. Electric\u2064 vehicles require fewer parts and, consequently, fewer workers. Additionally, \u2062the supply chain for\u2064 these parts is largely \u2063dominated by China. As a result, the auto industry has pushed back against\u2062 Biden&#8217;s plan to phase out gas-powered vehicles, arguing\u2062 that it will lead to job losses and price hikes.<\/p>\n<p>Mark DePaoli, leader \u2063of the United Auto\u2062 Workers, who endorsed Biden in 2020, expressed skepticism about the plan, stating, &#8220;We&#8217;ve dealt with the loss of jobs before through technology, \u2064but when you talk about\u2063 the speed of \u2063this, it&#8217;s hard to fathom that we won&#8217;t lose\u200c jobs.&#8221;<\/p>\n<p>The White House did not\u2062 provide a comment on Ford&#8217;s announcement.<\/p>\n<p>In addition to claiming that\u200b the electric vehicle market is rapidly growing, the White House report\u2062 also \u200chighlighted high consumer satisfaction\u2062 with EVs, stating that 80\u200c percent of EV owners\u2063 are likely to\u2062 buy another\u200c EV. \u2062However, an Associated Press poll found that only 19 percent \u2062of Americans\u200b are very or extremely likely to purchase \u200can electric vehicle due to the high costs associated\u200b with\u200b them.<\/p>\n<p>While\u2062 Ford&#8217;s electric F-150 has struggled \u200dto gain\u2063 traction \u200bamong \u200bAmerican consumers, the automaker \u2063continues to \u200dsell a large\u2062 number of\u2063 gas-powered trucks. Ford&#8217;s F-Series has been the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cherokee-nation-asks-jeep-to-drop-name-of-top-selling-vehicle-saying-it-does-not-honor-us\/\" title=\"Cherokee Nation Asks Jeep To Drop Name Of Top-Selling Vehicle, Saying It \u2018Does Not Honor Us\u2019\">top-selling vehicle<\/a> in America for over four decades,\u2064 with\u200c approximately 98 percent of trucks sold in\u200d 2022 being gas-powered. Nevertheless, the Biden administration introduced fuel efficiency\u2063 regulations in July that impose\u2063 stricter environmental standards for trucks \u200band\u200c SUVs.<\/p>\n<p>The Biden administration has also\u200b faced challenges related to electric\u2062 vehicle driving. During \u200ca summer road trip \u200daimed at promoting green driving, Energy Secretary Jennifer Granholm&#8217;s \u2063staff used a gas-powered car to\u200c block access to an <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/watch-jennifer-granholm-throws-staff-under-the-bus-after-charging-station-fiasco\/\" title=\"VIDEO: Jennifer Granholm Blames Staff for Charging Station Fiasco\">electric\u2062 vehicle charger<\/a>, causing frustration among\u200d electric vehicle drivers.<\/p>\n<p>One driver even called the \u200bpolice, stating,\u200b &#8220;There&#8217;s literally a non-electric car that is\u200d taking up the space. They\u2064 said\u2064 they&#8217;re holding the space for somebody else, and it&#8217;s \u2064holding up a whole bunch \u2062of people\u2063 who\u2063 need to charge their cars.&#8221;<\/p>\n<\/div>\n<p> <\/p>\n<h2> What role do government incentives \u200cand regulations play in driving EV adoption and overcoming concerns about limited\u2062 charging infrastructure?<\/h2>\n<p><span>  Hed\u200c back against \u2063Biden&#8217;s ambitious plan, \u2064worried about potential job\u200c losses and reliance on\u200b foreign suppliers.<\/p>\n<p>Despite the White House&#8217;s optimistic report on EV demand, Ford&#8217;s\u200b decision to cut \u200belectric truck production raises questions about their \u2064feasibility\u200c and marketability. While\u2064 the F-150 Lightning received significant attention and positive reviews upon its announcement, it\u2062 seems \u200dthat consumer demand is not meeting initial\u2063 expectations.\u2064 This\u2064 raises concerns about the overall demand for \u2063electric vehicles in\u200b the \u200cUnited States and whether the market is ready for\u2064 a \u200bmass transition to EVs.<\/p>\n<p>However,\u200b it is important to note that Ford is \u2063not the only automaker investing in electric vehicles. Companies like General Motors, Tesla, and Rivian continue to aggressively expand\u200b their electric vehicle\u2063 offerings. General Motors, in particular, \u2064has set a goal of becoming carbon-neutral by 2040 and\u2063 plans to invest heavily\u200d in electric vehicle production in the coming\u2064 years. This indicates \u2064that the overall \u200dindustry sentiment towards \u200delectric vehicles remains\u2062 positive, despite \u2062Ford&#8217;s setback.<\/p>\n<p>Moreover, government incentives and regulations play a crucial role in\u2063 driving EV adoption. The Biden administration\u200c has proposed a\u2064 $174 billion \u200binvestment in electric \u200dvehicles, \u2064including tax credits, grants, \u200cand infrastructure development, to stimulate the market. These measures are expected to\u2062 encourage consumers \u200dto\u200d switch to electric \u200dvehicles. Additionally, the administration \u2062aims to increase the number of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-pressures-gop-on-infrastructure\/\" title=\"White House Pressures GOP on Infrastructure\">electric vehicle charging stations<\/a> across \u2062the country, addressing concerns\u200b about limited charging infrastructure.<\/p>\n<p>While Ford&#8217;s \u2064production cut is undoubtedly a setback, it does not necessarily indicate a\u200c decline in the overall demand\u2063 for electric vehicles. It highlights \u200cthe importance \u2063of accurately assessing market demand and ensuring that \u200cproduction \u2064aligns with consumer needs. As technology\u200c continues \u2064to advance\u200b and charging \u200dinfrastructure improves, it is likely that the demand for electric vehicles will continue to \u2064grow.<\/p>\n<p>Ultimately, the\u2063 success of electric vehicles\u200c relies on a \u2062coordinated \u2063effort \u200bbetween automakers, \u2062government policies,\u200d and\u2063 consumer adoption. Ford&#8217;s decision \u200cto cut electric truck\u2063 production serves as\u2062 a reminder \u2062of the challenges involved in transitioning to electric vehicles on a\u200c large scale.\u200b It underscores the need \u200cfor consistent and adaptive strategies \u200bto \u200dmeet the evolving demands of the market and continue driving the growth of \u2063the electric\u2063 vehicle industry.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Top American automaker announced production cut just hours after White House lauded &#8216;growing demand&#8217; for EVs President Joe Biden drives the electric Ford F-150 Lightning at the Ford Dearborn Development Center on May 18, 2021. The White House on Monday released a &#8220;Bidenomics&#8221; report that touted the &#8220;rapidly growing&#8221; electric vehicle market. Just hours later<\/p>\n","protected":false},"author":2020,"featured_media":2124049,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[],"class_list":["post-2124048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2124048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2020"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2124048"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2124048\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2124049"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2124048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2124048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2124048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}