ROMULUS, MI - FEBRUARY 13: Ford CEO Jim Farley pats a Ford F-150 Lightning truck before announcing at a press conference that Ford Motor Company will be partnering with the world's largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan. Part of a multi-billion dollar investment, the battery plant will provide approximately 2,500 jobs. (Photo by Bill Pugliano/Getty Imag ...

Core Viewpoint - The electric vehicle (EV) sector can continue to grow without subsidies, as evidenced by the market's performance in Europe after subsidies were withdrawn [1][2][3][4]. Group 1: Market Growth and Trends - Jon McNeill, former President of Global Sales and Service at Tesla, believes that the U.S. is lagging behind Europe in EV technology [2]. - Despite the withdrawal of subsidies in European markets like France and Germany, the EV market continued to grow, with manufacturers providing a wider range of models [3]. - Currently, there are 65 different EV models available in the U.S., and one in four vehicles sold is electrified, including hybrids [3]. Group 2: Demand and Sales Performance - Tesla reported strong Q3 results with 497,000 units delivered, indicating a demand pull forward due to the end of the Federal EV Credit [5]. - Despite strong delivery numbers, Tesla's sales in Italy fell by over 25% in September, highlighting potential challenges in maintaining sales momentum [10]. Group 3: Industry Responses and Incentives - GM and Ford are considering extending the Federal EV Credit through their financing arms, with reports of down payments made to dealers to qualify for the credit [7]. - Ford's CEO, Jim Farley, praised the relaxation of emissions standards by the Trump administration, viewing it as beneficial for the company [8]. - California plans to roll back bespoke EV incentives following the halt of the Federal EV Credit, which may impact local sales [9].