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The auto industry is betting big on electric cars, but those ambitious goals are now falling apart. Demand was already slowing when Donald Trump took office and discontinued pro-EV policy: eliminating the federal EV tax credit, filibustering clean energy, and bulldozing emissions rules. Tariffs have also affected. Now, American and European automakers are investing in electric cars, forcing them to re-adjust their model lineups. Hybrid cars are the new bet, and the future of electric cars looks further away than ever — at least for the United States. China continues to outpace the rest of the world in electric vehicle development, and is poised to win this future.
Follow below for the latest updates on the electric vehicle industry.