The auto industry had bet big on electric vehicles, but now those ambitious goals are falling short. Demand was already slowing when Donald Trump took office and axed pro-EV policy: eliminating federal EV tax credits, slashing clean energy, and eliminating emissions regulations. Tariffs are also having their impact. And now US and European automakers are taking notice of its EV investments, forcing them to readjust their model lineups. Hybrids are the new bet, and the future of EVs looks further away than ever – at least for the US. China is outpacing the rest of the world in EV development and is poised to win in the future.
Follow below for all the latest updates about EV industry.
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Two more EVs for the trash heap: Volvo EX30 and Honda Prologue
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Honda cancels Zero Series EV citing ‘extremely challenging’ situation
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Stellantis is in a crisis of its own making
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America is in danger of becoming an automotive backwater
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Trump’s new ‘Buy American’ requirement for EV charging would dramatically reduce build-out
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Ford’s big bet on EVs didn’t succeed – now it’s turning to hybrids and energy storage
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GM to stop production of electric Chevy BrightDrop vans
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Honda cancels Acura ZDX in latest casualty of EV pullback
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Stellantis cancels Ram 1500 REV due to low demand for electric trucks
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The great EV pullback has begun
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Volkswagen cancels ID.7 sedan for US
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Ford cancels its electric three-row SUV and delays future electric truck
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