by Jeff Zymeri
National Review
Ford Motor Company plans to lay off at least 1,000 employees and contract workers in North America in an effort to defray costs associated with the transition to electric vehicles.
People familiar with the matter told the Wall Street Journal of the automaker’s plans, which follow previous reductions of the workforce, including 3,000 jobs being cut in the U.S. Most of the cuts are to engineering positions.
Ford’s heavy investments in electric vehicles come amid a push from the Biden administration to hasten the transition from internal-combustion vehicles. In April, the White House unveiled the strictest-ever emissions standards ever considered. The most aggressive proposal would have the auto industry cut emissions in passenger cars and pickups by half from 2026 to 2032…
“Ford lost $34,000 per electric vehicle sold last year. EV economics have not improved in 2023. So…another mass layoff at Ford. No one should be surprised,” explained Steve Milloy, a lawyer and longtime EPA critic, in a statement to National Review.
“Government-designed and mandated industrial policy is bound to fail, especially when there is little consumer demand for the product and no underlying tangible rationale for it,” Milloy added.
