EVs Could Become Niche Vehicles in the US as Sales Plummet
Electric vehicles are having a brutal stretch in the United States. Their share of the new-car market hit a record near 12% last September, right before a $7,500 federal EV incentive went away. By January that share had fallen to 6%, and Cox Automotive figures show sales dropped by a further 20% that month compared with December. Policies from the Trump administration are doing a lot of the damage. Washington scrapped an earlier rule pushing EVs to half of new car sales by 2030, and regulators loosened fuel economy requirements from over 50 miles per gallon down to roughly 34.5. California also lost its…