End of EV Tax Credits Sparks Industry Concerns and Price Changes
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.
