Tax credits for electric cars are no more. What’s next for the US EV industry?

The US government's decision to eliminate tax credits for electric vehicles (EVs) has raised concerns about the future of the country's EV industry. With the tax incentives gone, the industry faces new challenges, but experts believe that the growing demand for EVs and the influx of new models could help offset the impact. Despite the end of the tax credits, the industry remains optimistic. Dozens of new EV models are in the pipeline, offering consumers more options and driving innovation. Additionally, some states and municipalities are implementing their own incentives to support the adoption of EVs. Automakers are also investing heavily in EV development, with major players like Tesla, Ford, and General Motors expanding their product lineups. The industry is also working to address issues such as charging infrastructure and battery production to make EVs more accessible and affordable. While the loss of federal tax credits is a setback, the EV industry in the US appears poised to continue its growth, driven by consumer demand, technological advancements, and a commitment to a more sustainable future.