The collapse of electric vehicle sales spells doom for President Joe Biden’s energy-electrified agenda.
This week, Ford Motors announced it is slashing the production of its all-electric F-150 Lightning pickup truck by over 50 percent. The decision is in direct response to a decline in demand.
In December, Ford said it had planned to produce about 1,600 F-150 Lightning EV trucks per week starting in January— half of the 3,200 it previously had planned.
Trending Politics pointed out the 2023 sales were highly disappointing despite Biden’s energy dreams promising hope for EV sales.
Initially, the F-150 Lightning had garnered considerable interest, leading to high production targets. However, the actual sales in 2023 were disappointing, with only about 75,000 vehicles sold, which was significantly lower than the capacity. The cutback in production, from an annual target of 210,000 trucks to just 80,000 for 2024, has broader implications, including the layoffs of approximately 1,400 workers at the Dearborn, MI plant. The reduction is a reflection of several challenges faced by the EV market, including long wait times for vehicle delivery, rising interest rates, and a notable increase in the prices of the Lightning lineup by $6,000 to $8,500 per truck.
The outlet noted that several reliability factors have made consumers weary about purchasing an electric vehicle over a gas-powered one.
The Biden Administration has hit a wall in its plans to go electric, with Detroit automakers pushing back on the president’s dreams to raise emissions standards, which could make 67 percent of all new vehicles electric by 2032.
According to ISeeCars.com, it took 40 percent longer to sell an EV in 2023 than it did the year before. Meanwhile, used gas-powered cars sold 10 percent faster than they did in 2022. In 2023, getting an EV off a dealer’s lot took twice as long. Despite price cuts and Biden's huge EV tax credit, it now takes roughly three times as long to sell an EV than a conventional car.
Radical eco-leftists are spending billions of dollars to build charging stations and to hand out massive tax credits to EV buyers despite the little to no reliability of the cars and buyers facing huge issues with them.