EV makers aren’t counting on Democrats to revive tax credits, CNBC says
The Next Web, citing CNBC, reports that the heads of Rivian, Lucid and Scout Motors say they are not counting on Democrats to bring back federal support for electric vehicles and are planning without federal EV credits. This comes as Democrats prepare to take control of Congress in January following their midterm wins. The federal tax credit of up to $7,500 ended for EVs bought after 30 September 2025, and the outlet notes that sales spiked before that cutoff.
Based on The Next Web's report - only one outlet has covered this so far. Read the original.Coverage 1 source · 1 report
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EV makers aren’t counting on Democrats to revive tax credits, CNBC says
The heads of Rivian, Lucid and Scout Motors say they are not counting on Democrats to bring back federal support for electric vehicles, CNBC reported. Democrats take control of Congress in January after their midterm wins. The federal tax credit of up to $7,500 ended for EVs bought after 30 September 2025. Sales spiked before the […] This story continues at The Next Web
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