#ev-market-decline

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#electric-vehicle-sales #tax-incentive-elimination #vehicle-discontinuation #automotive-tariffs
Cars
fromThe Verge
19 hours ago

Two more EVs for the trash heap: Volvo EX30 and Honda Prologue

Volvo discontinues the EX30 and Honda cancels the Prologue due to eliminated federal EV tax incentives and stagnating US electric vehicle sales under the Trump administration.
Cars
frominsideevs.com
2 days ago

EV Sales Crashed 41% In JanuaryBut These Brands Still Grew

U.S. EV registrations dropped 41% in January, reducing electric vehicle market share to 5.1% from 8.3% year-over-year following the elimination of the $7,500 federal tax credit.
from24/7 Wall St.
4 months ago

Rivian's Financial Disaster

Rivian Automotive Inc. ( NASDAQ: RIVN) posted another quarter that shows how little progress it has made in the electric vehicle (EV) sector. Management pointed out that revenue rose 78% to $1.56 billion. It is more instructive to look at the previous quarter (June), in which revenue was $1.3 billion. Most EV makers had a sales surge because people rushed to take advantage of the $7,500 tax credit before it ended. That did not happen to Rivian.
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