The great EV pullback: all the obstacles, cancellations, and delays [Verge, The]
General Motors Company (GM)
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Source: Verge, The
Demand was already slowing down when Donald Trump took office and took an ax to pro-EV policy: the elimination of the federal EV tax credit, kneecapping clean energy, and bulldozing emissions rules. Tariffs have been taking their toll as well. And now US and European automakers are taking a bath on its EV investments, forcing them to readjust their model lineup. Hybrids are the new bet, and the EV future looks further away than ever — at least for the US. China continues to outpace the rest of the world in EV development, and stands poised to win that future. Follow along below for all the latest updates about the EV industry The steady stream of news about automakers cancelling or discontinuing electric vehicles continues apace. This week it's Volvo's small, quirky EX30 and Honda's solo electric offering in the US, the Prologue . Both are the latest victims of stagnating EV sales in the US thanks to the Trump administration's decision to eliminate tax incentives. First, the EX3
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