When Washington Picks Winners, Innovation Loses
When President Donald Trump recently visited a Ford F-150 plant in Dearborn, Michigan, to discuss the state of America’s economy, the setting carried significance, and so did his message.
For more than 40 years, the Ford F-150 has been an iconic American product and also the best-selling vehicle in the United States. The truck sold 1.3 million units last year alone. The F-150 isn’t just a truck, it’s a symbol of American manufacturing, consumer choice, and the free market responding to demand.
It’s also a reminder of a key platform in President Trump’s agenda: ending Joe Biden’s electric-vehicle mandates. And thankfully, he did. Because when the federal government stopped bribing Americans to buy EVs, the truth surfaced fast.
Just one month after the federal EV tax credits expired last fall, electric vehicle sales cratered. Industry data showed EV purchases fell by as much as 60 percent almost overnight. Market share was cut in half. The so-called EV “transition” turned out to be a taxpayer-subsidized mirage.
Ford learned that lesson the hard way. The electric version of the F-150 — the Ford Lightning Biden billed as the future of American trucking — © Townhall
