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The auto industry bet big on electric vehicles, but now those ambitious goals are falling apart. Demand was already slowing down when Donald Trump took office and took an ax to pro-EV policy: the elimination of the federal EV tax credit, kneecapping clean energy, and bulldozing emissions rules. Tariffs have been taking their toll as well. And now US and European automakers are taking a bath on its EV investments, forcing them to readjust their model lineup. Hybrids are the new bet, and the EV future looks further away than ever — at least for the US. China continues to outpace the rest of the world in EV development, and stands poised to win that future.
Follow along below for all the latest updates about the EV industry.
Two more EVs for the trash heap: Volvo EX30 and Honda Prologue
Honda cancels Zero Series EVs, citing ‘extremely challenging’ situation
Stellantis is in a crisis of its own making
America is at risk of becoming an automotive backwater
Trump’s new ‘Buy American’ requirement for EV charging would dramatically curtail build-out
Stellantis takes a $26 billion hit on EVs.
So much for the Chevy Bolt.
Ford’s big bet on EVs didn’t pan out — now it’s pivoting to hybrids and energy storage
Trump embraces gas guzzlers and air pollution by weakening fuel economy standards
GM to end production of electric Chevy Brightdrop vans
The EV tax credit is gone — now the hard part begins
Honda cancels Acura ZDX in latest casualty of EV pullback
Stellantis cancels Ram 1500 REV as electric truck demand dims
The great EV pullback has begun
Ford lost $5 billion on EVs in 2024, teases new models
Volkswagen cancels ID.7 sedan for US
Ford cancels its electric three-row SUV and delays futuristic electric truck