End of U.S. EV Tax Credit Set to Trigger Sales Crash

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, warns that eliminating the $7,500 U.S. EV tax credit by September will severely hurt electric vehicle sales. With the credit gone, many buyers will back away due to higher costs, worsening an already struggling EV market. He notes that only a sharp rise in gas prices could help reverse the trend — an unlikely scenario in the near future.