Reported 3 days ago
Experts predict that electric vehicle sales for companies like Rivian, Tesla, and Lucid Group will plummet in 2026, primarily due to the elimination of government tax credits that previously incentivized purchases. Research indicates that demand for EVs is expected to be 'dreadful' next year, as consumers rushed to buy before the expiration of tax credits. While Rivian, Tesla, and Lucid may face challenges, Tesla is expected to weather the storm better than others due to its access to capital and ongoing product development, whereas Lucid could struggle with impending competition.
Source: YAHOO