EV Industry Faces Crossroads: U.S. Slows Down, Europe and Bulgaria Push Forward
Government
The global electric vehicle ( EV ) market is currently facing significant turbulence, with the United States experiencing one of the sharpest slowdowns. This shift follows a major policy change introduced by President Donald Trump’s administration, which brings an end to the federal tax credit of ,500 for electric vehicles. The incentive will remain in place only until the end of September, causing concern among manufacturers and buyers alike. Anticipated drops in demand have already led to
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