Is America In Its 'Back To Gas' Era?

"We anticipated that if the federal electric-vehicle tax credits were to disappear, we'd see a slowdown in EV sales here in the United States. What we did not anticipate was the rapid-fire retreat from this space that we're now seeing from some automakers. It's enough for EV aficionados to ask: Was any of it ever real? Does America still have a shot at an electric future, or are we as a country in our "back to gas" era?"

"But here's how to think about this current moment. As we'll dive into on the show, a lot of this also has to do with the added complication of tariffs. When automakers are facing billions in added costs every quarter, unprofitable EVs that aren't selling at rates they were projected to are first to go. And then there's what I believe to be the real issue: the loss of any real fuel-economy regulations or penalties here in America."

Automakers including Porsche, Nissan, Volkswagen and Acura have announced EV cancellations, slowdowns and delays amid unexpectedly rapid retreats from the electric market. Tariffs are imposing billions in added costs each quarter, making unprofitable EV models the first targets for cuts. The absence of strong U.S. fuel-economy regulations removes incentives and penalties that would encourage electric adoption, pushing the market back toward gasoline. This rollback harms climate goals, air quality, technological competition with China, and consumer choice. Some manufacturers, like BMW, are broadening powertrain offerings, while global trends toward electrification and autonomy suggest long-term momentum for electric mobility.

Read at insideevs.com