Automakers Pump Brakes on EV Investment as Federal Subsidies Stop

A few years ago, U.S. auto executives were hailing their conversion to electric cars and market analysts were predicting exponential growth in electric vehicle sales amid the inevitable extinction of the gas-powered engine. Executives from General Motors (GM), Ford, Volkswagen, Mercedes, and Volvo pledged that their fleets would be 100 percent electric within a decade. But, the reality has been quite different. After President Donald Trump ended the $7,500 electric vehicle (EV) tax credit in September 2025, the sales growth of electric cars in America went into reverse, falling to 234,000 units in the fourth quarter of last year, down by 46 percent compared to the prior quarter, according to data from Cox Automotive....