Automakers Brace for EV Sales Plunge After Tax Credit Expires

Automakers like General Motors and Ford are preparing for a potential decline in electric vehicle sales as a crucial tax credit is set to expire. This situation is significant because it could impact the momentum of the EV market, which has been gaining traction due to government incentives. Without these financial boosts, consumers may hesitate to invest in battery-powered cars, affecting the industry's growth and sustainability.