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EV makers delay and cancel models as US tax credits vanish under Trump's new bill
A major turning point for the US market arrived with the recent passage of President Donald Trump's $3.4 trillion "Big, Beautiful" budget bill, which included the abrupt...
Bottom line: The electric vehicle industry is facing a period of turbulence as automakers across the globe adjust their strategies in response to shifting policies and a cooling market in the United States. A major turning point for the US market arrived with the recent passage of President Donald Trump's $3.4 trillion "Big, Beautiful" budget bill, which included the abrupt end of the federal EV tax credit. Two new electric SUVs planned for the company's Mississippi plant have also been pushed back by nearly a year, with the Japanese firm citing slowing demand and policy headwinds in the US as key factors.
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