Latest Electrical News - USA
US Electric Vehicle Momentum Slows as Globe Surges
WASHINGTON - US electric vehicle momentum is slowing as tax credits expire, tariffs increase costs, and interest rates rise, while Europe and China accelerate EV adoption through stronger incentives, enhanced charging infrastructure, and growth in battery manufacturing.
Why has US Electric Vehicle Momentum Slowed as Globe Surges?
US electric vehicle momentum has slowed due to expiring subsidies, rising costs, and global competition from faster-moving markets.
✅ End of federal tax credits weakened buyer demand
✅ Tariffs and high interest rates raised EV prices
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