{"id":92205,"date":"2026-02-17T12:27:14","date_gmt":"2026-02-17T15:27:14","guid":{"rendered":"https:\/\/automotive.einnews.com\/article\/893073524"},"modified":"2026-02-17T12:27:14","modified_gmt":"2026-02-17T15:27:14","slug":"ev-carmakers-register-65-billion-in-write-offs-globally","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/17\/ev-carmakers-register-65-billion-in-write-offs-globally\/","title":{"rendered":"EV carmakers register $65 billion in write-offs globally"},"content":{"rendered":"

Carmakers registered $65 billion in write-offs globally as companies were forced to overhaul their EV investments, squeezed by a pivot in US climate policy and an overstated enthusiasm for the green transition.<\/p>\n

Since the US axed its $7,500 federal tax credit in September, automakers and battery manufacturers have been scaling back by canceling projects, downsizing investments, and reviving plans to produce more traditional gas-powered vehicles. <\/p>\n

It\u2019s not a uniform retreat, however; sales of fully \u200belectric cars surpassed those of petrol-only vehicles<\/a> in the EU for the first time in December, but European giants are still badly bruised from diminishing US demand: Stellantis, which once believed EVs would make up half of its US sales by 2030, took a $26 billion hit after scrapping several fully electric models and reviving its 5.7-litre engine for the US market. Industry leaders now expect EVs to account for just 5%<\/a> of the new US vehicle market in the coming years.<\/p>\n

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<\/a><\/strong> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Carmakers<\/span> registered $65 billion in write- … federal tax credit in September, automakers<\/span> and battery manufacturers have been …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-92205","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/92205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=92205"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/92205\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=92205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=92205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=92205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}