EV sales were up 14 percent last quarter compared to Q1 2024. That’s good news, but it’s a little more complicated than that. Those sales were up thanks to big incentives on top of the existing EV tax credits, making some models a no-brainer buy. Automakers can’t continue to count on incentives to move metal — people have to want EVs because they actually want them.
There’s also the problem of having too many EVs that cost way too much. Those tax credits help some, but automakers need more affordable models, and the ones that are coming are over a year out. Add in the government not moving as quickly as it could on the EV transition and the myriad general infrastructure problems, and at least the next few years of electric car adoption look murky.
Automakers have noticed all of this, and many are starting to pull back on or modify some of those big EV plans. The following is a list of automakers that have announced a change or are rethinking EV timelines, as reported by Automotive News.