The U.S. House of Representatives has passed a bill that removes the $7,500 federal clean vehicle tax credit, resulting in higher prices for electric vehicles starting in September. This legislative change will delay the transition to a clean-energy future, though it will not halt it entirely. Internal-combustion vehicle sales peaked in 2017 and have been declining ever since, with future vehicle market growth stemming from hybrids and electric vehicles. Many global EV markets have thrived despite reduced incentives, proving that EVs are superior products on the market.
The U.S. House of Representatives has passed legislation eliminating the $7,500 clean vehicle tax credit, making EVs significantly more expensive starting in September.
The peak sales year for internal-combustion vehicles was in 2017, with sales steadily declining, indicating a shift towards hybrids, plug-in hybrids, and EVs.
Experts predict that internal-combustion vehicle sales will never breaking the 2017 record, as growth in the vehicle market is now driven by EVs.
EVs are superior to traditional cars, offering smoother, quieter rides, and advanced software functionality, proving that they can thrive without incentives.
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