Are Big Losses Coming To The U.S. EV Market in 2025?

By Douglas McIntyre  •  January 2, 2025

Douglas McIntyre, editor-in-chief of Climate Crisis, discusses Barron’s prediction that the U.S. EV market will face significant challenges next year. While EV sales in China are thriving, American consumers remain hesitant due to concerns about charging infrastructure and battery performance. Additionally, the likely removal of the $7,500 federal tax credit under the Trump administration is expected to further reduce EV demand. Automakers like Tesla, GM, Ford, Kia, and Hyundai may face steep losses as a result.

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