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Hyundai Is Becoming the New Tesla
Even in a Trump presidency, America’s EV future may not run through Elon Musk.
Ford is already backtracking as electric sales fail to meet expectations and costs keep mounting; it’d be hard to justify more EVs without government help to win over new buyers. Hyundai has especially benefited from a loophole that makes it much cheaper to lease EVs, and without those discounts, buyers may decide that the known headaches around charging and range anxiety aren’t worth the trouble. “Affordability will continue to be the main make-it-or-break-it [factor] for EV shoppers, especially if we see a wave of new tariffs applied to literally everything outside of the automotive space that will consequently squeeze Americans’ wallets even tighter,” DeGraff said.
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