Electric vehicles are built mainly with carrots and sticks. Republicans have now moved to take away both, with a tax bill rescinding EV credits and a Senate maneuver to overturn California’s power to ban gas guzzlers. Together, they deal an enormous blow to a US electric vehicle market that was struggling already — but also to US autos as a whole.
Sales of EVs, including plug-in hybrids, almost quintupled during the first three years of former President Joe Biden’s administration, according to figures from New AutoMotive, a UK-based research firm. That slowed sharply in 2024, however. Despite an EV price war, ...
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