The potential elimination of consumer credits for EV sales is threatening the stability of the U.S. auto industry, leading to plummeting stock prices and industry anxiety.
U.S. Energy Secretary Jennifer Granholm expressed that terminating EV tax credits would be a significant benefit for China, raising concerns about the U.S.'s competitive stance in the global market.
Tesla's resilience in the face of potential credit eliminations shows its robust margins, contrasting sharply with legacy automakers who remain heavily reliant on subsidies to remain competitive.
In the aftermath of Trump's electoral victory, the volatility in EV stock prices indicates a shaky future for the sector, especially for newer market entrants like Rivian and Lucid.
Collection
[
|
...
]