Democrat push for electric vehicles a major source of auto industry pain amid historic strike
With financial losses and now a historic labor strike, the auto industry is feeling the brunt of its Democrat-pressured transition to electric vehicles (EV).
Ford President and CEO Jim Farley even suggested last week ahead of the United Auto Workers (UAW) strike against the Big Three automakers that his company couldn’t pay workers what they wanted because of the cost of the EV transition.
Ford announced this summer that they expect to lose a staggering $4.5 billion on electric vehicles this year, raising its estimate from $3 billion earlier in the year.
Farley's comments came in an interview on CNN's "The Lead with Jake Tapper" about weighing pay raises for employees against their impact on the transition to electric vehicles.