Reported about 10 hours ago
Under the Trump administration, the electric vehicle (EV) market is experiencing a 'pivot and pause' phase, according to analyst Stephen Gengaro. While 2024 showed solid growth in EV sales, there is a noticeable slowdown due to Trump's efforts to curtail funding for new charging stations and plans to end EV tax credits. Gengaro warns that this reduction in infrastructure development could impede the growth rate and overall sales of EVs.
Source: YAHOO