DRIV - U.S. Electric Vehicle Transition Delayed But Not Derailed By Subsidy Exit
2025-10-08 14:10:00 ET
By Rico Luman and Coco Zhang
Dropping both carrot and stick slows US electric vehicle trend
US tax credits for electric vehicles - up to $7,500 for a new full electric EV and up to $4,000 for a used EV - ended on 1 October under the One Big Beautiful Bill Act (OBBBA). This changes the economics of driving EVs, and in turn makes them less attractive....
U.S. Electric Vehicle Transition Delayed But Not Derailed By Subsidy Exit