The great EV pullback has begun
Electric vehicles are at a crossroads. Sales are still going up, but many automakers are canceling or delaying new models, worried by recent policy moves that will make EVs more expensive to own.
Every day seems to bring fresh news of a delayed EV or a timeline that's been pushed back, as automakers struggle to adapt to this newly volatile environment. 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. And Trump's decision to reverse tougher emissions rules passed under former President Joe Biden is just ...