EV Market: China’s Battery Dominance & GM’s Hydrogen Retreat
China dominates EV battery production. GM abandons hydrogen cars due to high costs and infrastructure issues, focusing on EVs. California sees strong EV adoption, fueled by tax credits.
EV Market Stalling: Tax Credit Threat & Sales Decline
US EV market faces headwinds: potential tax credit cuts threaten battery investments and jobs. Sales show a dip, influenced by policy and consumer confidence. Global EV sales surge contrasts US trends.