YOU GET LESS OF WHAT YOU STOP SUBSIDIZING: Ford CEO expects EV sales to be cut in half after end of tax credits.

Farley on Tuesday said he “wouldn’t be surprised” if sales of EVs fell from a market share of around 10% to 12% this month — which is expected to be a record — to 5% after the incentive program ends.

“I think it’s going to be a vibrant industry, but it’s going to be smaller, way smaller than we thought, especially with the policy change in the tailpipe emissions, plus the $7,500 consumer incentive going away,” he said during a Ford event about promoting skilled trades and workers in Detroit. “We’re going to find out in a month. I wouldn’t be surprised that the EV sales in the U.S. go down to 5%.”

Farley said the industry learned that “partial electrification,” such as hybrids, are easier for customers to accept for the time being.

They also make a lot more sense — practically and economically — and don’t require Big Government incentives to juice sales.