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Ford CEO expects EV sales to be cut in half after end of tax credits

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Ford CEO expects EV sales to be cut in half after end of tax credits


Ford Motor Company CEO Jim Farley speaks at a Ford Pro Accelerate event on September 30, 2025 in Detroit, Michigan.

Bill Pugliano | Getty Images

DETROIT – Ford Motor CEO Jim Farley said he expects demand for all-electric vehicles to be slashed in half next month following the end of federal tax incentives on Wednesday.

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.

Farley said his Model e EV team is analyzing the demand for non-gas-powered vehicles each day. The company currently offers a handful of all-electric vehicles, including the F-150 Lightning pickup, which can top $90,000, and Mustang Mach-E crossover in the U.S.

The federal EV incentives of up to $7,500 are coming to an end as part of the Trump administration’s “One Big Beautiful Bill Act,” which stripped the old enticement but included some perks for buying a U.S.-assembled vehicle, regardless of it being an EV.

“Customers are not interested in the $75,000 electric vehicle. They find them interesting. They’re fast, they’re efficient, you don’t go to the gas station, but they’re expensive,” Farley said. 

Once the bill was passed, sales of EVs quickly gained traction, especially as some automakers added even more discounts to move out older models.

Cox Automotive forecasts sales of EVs hit 410,000 during the third quarter, up 21% from a year earlier. That would easily be the highest amount of EVs ever sold in a quarter in the U.S., as well as a record 10% market share.

Cox and other industry analysts and executives expect many buyers pulled ahead plans to purchase an EV before the federal incentives sunset. 

Farley also said the federal changes mean the auto industry, including Ford, will have to adapt, saying the company will have to figure out what to do with its battery plants and EV capacity.

“We’ll fill them, but it will be more stress, because we had a four-year predictable policy,” Farley said. “Now the policy changed. … We all have to make adjustments, and it’s going to be good for the country, I believe, but it will be one more stress.”

Farley was speaking Tuesday at the automaker’s “Ford Pro Accelerate” event, which features executives from many industries as well as public officials discussing the “essential economy” and need for skilled labor and education.



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Top stocks to buy today: Stock recommendations for November 19, 2025 – check list – The Times of India

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Top stocks to buy today: Stock recommendations for November 19, 2025 – check list – The Times of India


Top stocks to buy (AI image)

Stock market recommendations:According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, the top stocks to buy today are Life Insurance Corporation of India, Coromandel, and Doms Industries:Life Insurance Corporation of India – Base Formation near 200-DEMA + Dual MACD Bullish CrossoverBuy near: ₹920–₹910 | SL: ₹885 | Target: ₹975 | Time Frame: 90 DaysLife Insurance Corporation of India has developed a strong base near the 200-DEMA, indicating that the recent decline is stabilizing around a crucial long-term support. A bullish divergence on the hourly chart suggests that downside momentum is fading and buyers are gradually stepping in. On the daily timeframe, both the short-term and long-term MACD have produced a bullish crossover above the zero line — a powerful signal hinting at a potential trend reversal.These technical factors collectively point to improving strength and increase the probability of an upward move toward ₹975. Traders may look to build long positions in the ₹920–₹910 zone.Coromandel – Support at 200-DEMA/SMA + Long-Term MACD DivergenceBuy near: ₹2215–₹2200 | SL: ₹2095 | Target: ₹2450 | Time Frame: 90 DaysCoromandel has taken strong support at both the 200-DEMA and 200-SMA — a zone that has historically acted as a reliable demand area for long-term buyers. The long-term MACD has formed a bullish divergence, indicating weakening downside momentum and the possibility of a trend reversal. Price action is gradually showing early signs of recovery, while the 25-period ROC on the hourly chart has turned positive, affirming improving momentum.Given this confluence of technical signals, the stock presents a favourable risk–reward opportunity in the ₹2215–₹2200 zone for a potential move toward ₹2450.DOMS – Breakout Above 2580 + Momentum Revival Through MACDBuy near: ₹2580–₹2540 | SL: ₹2450 | Target: ₹2800 | Time Frame: 90 DaysDoms Industries Ltd has established a strong base within the ₹2500–₹2580 consolidation zone, reflecting sustained accumulation at lower levels. On 14-11-2025, the stock confirmed a decisive breakout above the ₹2580 mark, signalling fresh buying interest and a likely continuation of the prevailing uptrend. This breakout is further supported by a bullish MACD crossover above the zero line, indicating strengthening momentum on the higher timeframes.With both price structure and momentum indicators aligning positively, DOMS offers a robust setup for an upside move toward ₹2800.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)





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Adverts for Booking.com and three major hotel chains banned over misleading prices

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Adverts for Booking.com and three major hotel chains banned over misleading prices


Four major players in the travel industry have had their adverts banned by the Advertising Standards Authority (ASA) for misleading customers.

The ASA ruled that Booking.com and hotel groups Accor, Travelodge, and Hilton all used “from” price claims for hotel rooms that overstated how many were available at the advertised rate.

With only a limited proportion of rooms genuinely offered at the advertised prices across various dates, the ASA deemed the promotions misleading and consequently prohibited their future use.

In Booking.com’s case, an ad on May 6 stated “Places to stay in Sheffield – Best Price Guarantee, and further text read “easyHotel Sheffield City Centre From £28”.

Booking.com said the dates and prices displayed were “dynamically chosen” by Google from data it provided, meaning they could vary for each user and search.

They believed the information displayed in the ad was accurate and not misleading.

Booking.com said the dates and prices displayed were “dynamically chosen” by Google from data it provided, meaning they could vary for each user and search (PA Wire)

The ASA said the data Booking.com provided showed that seven bookings were made at the easyHotel Sheffield City Centre for the advertised price in May.

It said it did not receive any other information from Booking.com, such as the number of dates on which rooms were available for £28, to enable us to make an adequate assessment of the proportion of rooms at the hotel available at the advertised price and therefore considered that the information provided was insufficient to substantiate the claim “From £28”.

The watchdog found Accor’s ad for £27 rooms at its Ibis Budget Birmingham Centre were only available for a night’s stay on July 30, and was therefore “not a true reflection of the price most consumers could expect to pay”.

It said consumers would understand the claims “Travelodge Nottingham Riverside From £25” and “Travelodge Swansea M4 From £21” to mean that a significant proportion of rooms at each hotel would be available at the advertised price.

However, it understood that the advertised prices were only available to book for a night’s stay on May 18.

In Hilton’s case, the ASA said it had not seen sufficient evidence to demonstrate that a significant proportion of hotel rooms were available at the advertised prices of £68 at Hampton by Hilton Hamilton Park or £59 at Hampton by Hilton Newcastle.

ASA said it had not seen sufficient evidence to demonstrate that a significant proportion of hotel rooms at Hilton were available at the advertised prices

ASA said it had not seen sufficient evidence to demonstrate that a significant proportion of hotel rooms at Hilton were available at the advertised prices (Getty Images)

ASA operations manager Emily Henwood said: “Advertised prices must match what’s really available.

“If only a few rooms are actually offered at the price shown, or it only applies to a specific date, then this information must be made clear to avoid misleading people.

“Otherwise, it’s unfair to anyone trying to find a good deal or make informed choices about where to book.

“People should be able to trust the prices they see in ads and these rulings show that we will take action if the rules are broken.”

Travelodge said in a statement: “Travelodge takes its responsibilities under the ASA advertising guidelines seriously. The prices shown in the ads were generated from our live pricing feed and represented the cheapest bookable date available.

“We recognise that customers expect clarity and transparency in pricing, and we continue to work closely with Google to ensure all ad formats are clear and fully compliant. This particular ad format was removed prior to the ASA ruling, and we remain committed to transparent, accurate, and great-value pricing for all our customers.”



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D.R. Horton is tapping a startup’s AI zoning tool to build more homes

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D.R. Horton is tapping a startup’s AI zoning tool to build more homes


D.R. Horton signage stands in front of homes under construction at the Eastridge Woods development in Cottage Grove, Minnesota.

Daniel Acker | Bloomberg | Getty Images

A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.

D.R. Horton, the nation’s largest homebuilder, is tapping an artificial intelligence tool from Portland, Oregon-based startup Prophetic to build more homes and address the country’s housing shortage.

Chronic underbuilding since the Great Recession has caused a deficit of roughly 4 million homes, according to analyses from several sources, including Zillow. The supply-demand imbalance has caused prices to rise over 50% from pre-pandemic levels.

Homebuilders are trying to respond but say that the cost of construction, along with the difficult and costly process for acquiring and developing buildable lots, is making that difficult.

“One of the largest challenges to providing affordable housing is the identification, acquisition and entitlement of land suitable for development. We are confident the insights provided by Prophetic are going to help us expand homeownership opportunities for hard-working American individuals and families,” said Jason Jones, vice president of data analytics at D.R. Horton, in a release.

Prophetic has developed an AI-native platform for land acquisition and development analysis. For any potential parcel of land, Prophetic’s software will pull every single zoning manual from every city and county in a state. The company said it is currently operational in 25 states and expects to be in all 50 by June.

“It’s an incredibly large, tedious, detail-oriented process to take tens of thousands of these zoning documents and extract the rules, not only efficiently, but correctly,” said Oliver Alexander, founder and CEO of Prophetic.

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Among other things, the system looks at minimum lot size and minimum or maximum density setbacks, which differ by municipality and zone. It updates those quarterly. 

“Then it tells you where that information came from, which is the key differentiator,” Alexander explained. “When you have that section title and the page that it came from, that builds trust, and then it becomes ultra-efficient, where you can analyze development potential in 30 seconds instead of two to three hours.”

Alexander said there are a little over 440,000 different ways to describe what you’re allowed to do on a piece of dirt in the states Prophetic has analyzed. Developers need to go through all of that information to figure out if they can build a single- or multifamily housing development on it. 

The AI’s large language model-based analysis of these documents at scale can answer the questions and then feed that into search AI, which Alexander calls “the major unlock” – search plus the zone AI information together. At the ground level, with this AI, builders can figure out what they can build, where and how much at a much faster pace, making them more competitive with landowners.

“If you have that much of an edge in your speed to decision, you effectively control your entire market, because before anyone else can decide, you’ve tied it up,” said Alexander.



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