End of EV Tax Credits Sparks Industry Concerns and Price Changes
TL;DR Summary
GM, Hyundai, and Ford are extending EV discounts after the expiration of a $7,500 federal tax credit to maintain sales momentum, with Hyundai also lowering prices on certain models. Despite these efforts, EV sales are expected to slow in the US due to policy changes, high prices, and infrastructure issues, with some automakers adjusting their strategies to cope with the evolving market landscape.
Topics:top-news#auto-industry#business#electric-vehicles#ev-discounts#federal-subsidy#market-forecast
- Automakers Extend $7,500 EV Discount After Federal Subsidy Expires Bloomberg.com
- Ford CEO says customers are not interested in $75,000 EVs Yahoo Finance
- End of EV tax subsidy sparks worries of collapse in US electric car sales Reuters
- Tesla Stock Is Up. Its Cars Just Got More Expensive. Barron's
- Ford CEO expects EV sales to be cut in half after end of tax credits CNBC
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