The U.S. auto industry needs regulatory certainty from politicians in Washington and the back and forth as the White House changes hands doesn’t help, but the adoption rate of electric vehicles will continue to grow, Ford Motor’s executive chairman Bill Ford said on Wednesday.
The growth rate on EV sales has slowed, but globally they are being adopted quickly and Ford will follow even as it hedges it bets with its gasoline-powered and hybrid electric vehicles, he said at a Detroit Free Press event outside Detroit.
While not commenting on the race between U.S. President Joe Biden, a Democrat, and former president Donald Trump, a Republican, Bill Ford said he wishes the country would pick a path so the industry can plan better.
“Our planning timeframe is a lot longer than election cycles,” he said.
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