Carmakers' answer to US EV lull: hybrids, cheaper models
Update: 2025-10-30
Description
In the wake of the federal tax credit for electric vehicles disappearing, auto industry executives are scrambling to adapt. Volkswagen is shifting from fully electric to full hybrids, while Lucid is absorbing costs and passing them on to customers. Rivian, on the other hand, is innovating with a new SUV and deals to attract buyers. Traditional automakers have cut back on EV launches, leaving uncertainty about future demand. The focus now is on making these cars cheaper and waiting to see how the market responds.
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