#EV tax credit

GM is discontinuing the Chevrolet Bolt EV (again) while simultaneously making charging easier for its other EVs by integrating Electrify America into its native apps, showcasing a strategic pivot in its electrification roadmap.

Hyundai and Kia experienced significant drops in US EV sales during Q4 2025, largely due to the expiration of federal tax credits, despite Hyundai's strong annual performance.

Global EV sales jumped 21% in 2025, led by Europe's surge, while the U.S. market slowed due to expired tax credits, as China dominated.

The expiration of the federal EV tax credit has contributed to a significant decline in new car sales, particularly for EVs, as consumers prioritize affordability amidst rising prices.

Ford's EV sales plunged a staggering 61% in November, with the F-150 Lightning and Mustang Mach-E taking huge hits after federal tax credits vanished and production stalled.

Rivian CEO RJ Scaringe is out here saying losing the $7,500 federal EV tax credit is actually a *win* for the company! He thinks it'll thin out the competition, especially those legacy automakers who were just doing crazy lease deals. While others retreat, Rivian sees clear road ahead!