Part 8/13:
Meanwhile, the U.S. EV market remains relatively stagnant, with only about 10% penetration in 2025—roughly 1.66 million vehicles. Domestic EV manufacturers face stiff competition from cheaper Chinese imports, and U.S. policies are shifting unpredictably. For example, the federal EV tax credit has been abruptly reduced from $7,500 to nearly zero by late September 2025, likely causing a sharp decline in EV sales. This policy flip-flop hampers U.S. automakers’ ability to scale and compete globally.