U.S. electric vehicle sales have fallen significantly since the expiration of a key federal tax credit, reversing a period of rapid growth, while Europe’s market continues to expand. The shift reflects differing policy approaches and the rising influence of Chinese-made EVs in both regions. Meanwhile, hybrid vehicles are gaining traction as an alternative for consumers. Analysts say the contrasting trends highlight how government incentives and global competition are reshaping the automotive industry.
A year after the federal tax credit expired, U.S. electric vehicle sales have dropped sharply while Europe's market grows, as hybrids, policy choices and Chinese imports reshape each region.
