EVs In The Post-Tax Credit US: Inevitable Rise Or Crashing Demise? - CleanTechnica

The article discusses the uncertain future of electric vehicles (EVs) in the United States following the expiration of the $7,500 federal tax credit for new EV purchases on September 30, as part of President Trump’s spending bill. This subsidy had been a significant driver of EV adoption, and its removal has led analysts to revise down their projections for EV sales growth—from an earlier forecast of 47.5% market share by 2030 to a more conservative 27%. Industry voices, such as General Motors’ CFO Paul Jacobson, anticipate a sharp decline in EV demand in the near term, citing the higher average transaction price of EVs ($57,000) compared to traditional vehicles ($49,000). This has introduced a period of uncertainty, with some viewing it as a necessary market correction, while others remain optimistic about ongoing automaker incentives and price cuts, such as Hyundai’s recent $10,000 price reduction on the IONIQ 5. Despite these challenges, the article