A year after Congress eliminated the federal EV tax credit, America’s electric vehicle market has become genuinely difficult to characterize in a single sentence. Sales briefly topped 11% of new-car purchases last September as shoppers raced the deadline, then slid hard once the incentive vanished, posting year-over-year declines in the double digits through early 2026.
For automakers like Rivian Automotive Inc. (NASDAQ: RIVN), the growing range of headwinds impacting the electric vehicle industry in…
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