Tesla’s EV Drama: Tax Credits Fuel Frenzy, Future Fizzle
Photo by Michael Marais on Unsplash
The US government’s latest electric vehicle support policies are causing a buying frenzy that’s less Titanic and more bumper-to-bumper midlife crisis. Buyers rush to grab sweetened tax credits before they shrink or vanish, boosting EV sales through 2024. But here’s the kicker — this government-sponsored shopping spree is short-circuiting the auto industry’s long game, threatening legacy automakers with a future as bleak as a ’90s dot-com toast. This all folds into a landscape where incentives are the flashy lure, automakers scramble to scale, and petrol heads face an uncertain highway with more EVs and fewer excuses.
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Source: Grist | Published: 8/30/2025 | Author: Aarian Marshall
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