A major turning point for the US market arrived with the recent passage of President Donald Trump’s $3.4 trillion «Big, Beautiful» budget bill, which included the abrupt.
Bottom line: The electric vehicle industry is facing a period of turbulence as automakers across the globe adjust their strategies in response to shifting policies and a cooling market in the United States. While EV sales continue to climb worldwide, a wave of delays and cancellations is reshaping the future of many highly anticipated models.
A major turning point for the US market arrived with the recent passage of President Donald Trump’s $3.4 trillion «Big, Beautiful» budget bill, which included the abrupt end of the federal EV tax credit. Set to expire at the end of September, the $7,500 credit has long been a cornerstone of EV affordability for American consumers. The new law, which also reversed stricter emissions standards, has left automakers scrambling to adapt their product plans and pricing strategies.
Dealers are now racing to move inventory before the incentive disappears, but many in the industry fear a sharp drop in demand once the credit is gone. The uncertainty has prompted several manufacturers to pause, delay, or even scrap new EV projects as they gauge the market’s next move.
Nissan, once an EV pioneer, is scaling back its ambitions. Production of the next-generation Leaf, a key part of Nissan’s recovery strategy, has been reduced due to rare earth mineral shortages and the looming end of US tax credits. Two new electric SUVs planned for the company’s Mississippi plant have also been pushed back by nearly a year, with the Japanese firm citing slowing demand and policy headwinds in the US as key factors.
