Electric vehicle adoption in the U.S. has slowed significantly following the expiration of federal tax incentives, with market share dropping to just 6% as consumers face higher prices. Meanwhile, Europe continues to lead in EV growth, reaching a record 23% share as more affordable models enter the market. The contrast highlights how pricing and policy influence consumer choices in the global auto industry. Analysts suggest the U.S. may need new incentives to regain momentum in EV sales.
US EV share slid to 6% after tax credits ended, while Europe hit a record 23% with cheaper models Yahoo Finance
