Reported about 21 hours ago
Electric vehicle manufacturers like Tesla, GM, and Ford are projected to see their sales halved when the federal EV tax credits expire on September 30, according to analysts. While a brief surge in sales is anticipated as consumers rush to purchase before the deadline, a significant decline in market share is expected afterward. As the IRS guidance gives limited grace for transactions post-deadline, automotive experts warn that the removal of incentives could lead to a drop to around 4% EV market share by early 2026, substantially lower than the current levels.
Source: YAHOO