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Ford has forecast it could lose as much as $5.5 billion on EVs this year.

GM will give about $6,000 of its own cash for lease support and to keep EV sales going.

Tesla introduced new versions of its top-selling models priced at under $40,000, making its main vehicles more affordable to counteract the loss of U.S. incentives for electric cars.

Lucid Group’s electric vehicle production fell short of Wall Street’s forecasts during the third quarter as the car maker contends with the elimination of the consumer tax credit.

Germany’s ruling coalition confirmed it will extend a tax exemption for new EVs as part of a broader effort to support the nation’s key car industry in the transition to more climate-friendly technologies.

The allegations against the world’s most valuable automaker stem from a middle of the night crash in November 2024 on a residential street in the San Francisco suburb of Piedmont.

Car companies are stepping in to preserve discounts and smooth the sell-down of existing EV inventory after the federal EV subsidy phased out Sept. 30.

The company likely delivered around 439,600 vehicles worldwide in the three months that ended in September, a roughly 5% drop from a year ago.

“It’s last call at the bar, everyone is stepping up and ordering,” said Tyson Jominy of JD Power, which expects sales of about 16.1 million new vehicles this year.

The elimination of a $7,500 consumer tax credit and softening of emissions rules by the Trump administration will sharply curtail EV demand in the U.S., Jim Farley said.