The great EV pullback has begun

image via The Verge

July 11, 2025, 4:38 PM

• •Automakers are canceling or delaying electric vehicle (EV) models due to policy changes.
• •President Donald Trump's policies, including tariffs and the budget bill, are impacting the EV market.
• •Several automakers, including Ferrari, Ford, Honda, Lamborghini, Nissan, and others, have announced delays or cancellations of EV projects.
• •The future of EVs is uncertain, with potential impacts on sales and the availability of affordable models.

The electric vehicle market is facing significant headwinds as automakers respond to political shifts. Several companies are delaying or canceling planned EV models, citing concerns over policy changes and reduced incentives. The removal of tax credits and other shifts in government policy have created uncertainty, leading to a reassessment of strategies. While EVs are still present, the future of the market is in question.

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