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Americans are pumping the brakes on electric vehicle adoption: 'Affordability is a big issue'

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8 hours ago

Interest in electric vehicles (EVs) is cooling among American consumers following the termination of federal tax incentives and amid persistent concerns over cost, repairs and charging access, analysts say.Demand for EVs dropped following the Sept. 30 termination of federal EV tax credits — a $7,500 new-vehicle tax credit and $4,000 used-vehicle tax credit — which were eliminated under President Trump's "Big Beautiful Bill," signed into law in July. The deadline triggered a surge of buyers, but sales have since slipped, Ivan Drury, director of insights at Edmunds, told FOX Business."If you loo...

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8 hours ago
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