Automakers are delaying or canceling new electric vehicle models amid unstable political conditions affecting incentives. Sales for electric vehicles continue to rise, yet recent policy shifts are making ownership more expensive. Many manufacturers are struggling to adapt to tariffs and budget bills impacting EV incentives. There is an anticipated rush by dealers to sell EVs before the expiration of the $7,500 tax credit. Ongoing assessments of delays may result in further cancellations, though consumer loyalty to EVs remains strong.
Automakers that delayed launches over the last few years might have benefited from monitoring the market; however, today's escalating challenges could be deemed insurmountable, likely resulting in more outright cancellations if the models lack a future abroad.
Sales of electric vehicles are still going up, but many automakers are canceling or delaying new models, worried by recent policy moves that will make EVs more expensive to own.
Expect a big push by car dealers to sell EVs before the $7,500 tax credit ends in September, but after that, the future looks dicey.
Almost half the time (45 percent) an EV utilized as a trade-in at a dealership for a new vehicle is for another EV.
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