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The great EV pullback has begun | Automakers are canceling or delaying new electric models amid political whiplash after the signing of Trump’s EV-tax-break-killing budget bill
The EV future has been delayed.
President Donald Trump’s tariffs aren’t helping much, nor is the recent passage of his $3.4 trillion “big, beautiful” budget bill, which takes a sledgehammer to most EV incentive programs. “Automakers that delayed launches over the last few years might have benefited from monitoring the market; however, today’s escalating challenges could be deemed insurmountable, likely resulting in more outright cancellations if the models lack a future abroad,” says Ivan Drury, director of insights at Edmunds. According to an internal memo, Nissan is delaying production of the Leaf by about 10 months, citing slowing US demand as a result of the Trump administration’s decision to cut EV tax credits.
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