U.S. electric vehicle sales plunged after federal tax credits were cut by Republican lawmakers and the Trump administration. Marketplace’s Henry Epp looks at what other challenges the EV industry could face in 2026.
This year brought some new speed bumps for electric vehicle sales, namely the GOP's One Big Beautiful Bill Act. It cut federal EV tax credits — up to $7,500 for new cars and $4,000 for used ones. Those incentives had been on the books in some form since 2008 and were expanded during the Biden administration. They expired at the end of September.
Consumers rushed to take advantage before they disappeared, leading to record high sales earlier this year. But now the market faces an uncertain road ahead.
Marketplace's Meghan McCarty Carino spoke with her colleague Henry Epp about the outlook for EV sales in the U.S. now that federal tax credits are gone.
Tax credits and regulations are gone, but EVs are probably here to stay - from Marketplace
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