Impacts of Ending EV Tax Credits on U.S. Market and Competitiveness

The potential removal of US federal EV tax credits by the Trump administration is expected to slow EV adoption in the US, but the market will still grow due to decreasing prices, increased model options, and dealer incentives. While the US may fall behind in global EV rankings, a significant portion of Americans remain interested in EVs, though lower-income consumers could be disproportionately affected by policy changes. Overall, US EV growth will face hurdles, but the market remains resilient, with international markets like China leading the charge.