Ford pulls back from large electric vehicles and records $19.5bn write-down - The Global Herald

Contributing sentiments towards policy:

54% : Industry expectations were also affected after a US federal tax credit that could have reduced the price of qualifying battery electric, plug-in hybrid or fuel cell vehicles by as much as $7,500 ended in September.
49% : The European Union has been reported to be reconsidering elements of a proposed phase-out of new combustion-engine cars by 2035, amid lobbying from member states including Germany on behalf of their auto industries.
47% : Analysts note that EV adoption in the United States has lagged behind markets such as China, the UK and EU countries, in part because government support has been comparatively weaker.

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