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EV sales expected to crash without U.S. tax credit; adoption could slow for years to come

The repeal of the U.S. electric vehicle tax credit won’t just crash EV sales in the fourth quarter, it could slow the pace of adoption for years to come, according to industry forecasts. Market share for new battery-electric vehicles was already stuck in single digits before the $7,500 tax incentive expired after Sept. 30. Now, forecasters are scaling back their targets as affordability worries deepen. U.S. EV share will hover below 10 percent this year without federal support, said Stephanie Valdez Strea ...