The auto industry bet big on electric vehicles, but now those ambitious goals are falling apart. Demand was already slowing down when Donald Trump took office and took an ax to pro-EV policy: the elimination of the federal EV tax credit, kneecapping clean energy, and bulldozing emissions rules. Tariffs have been taking their toll as well. And now US and European automakers are taking a bath on its EV investments, forcing them to readjust their model lineup. Hybrids are the new bet, and the EV future looks further away than ever — at least for the US. China continues to outpace the rest of the
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