Former Tesla exec claims EV industry will grow, not shrink, after death of $7,500 tax credit: ‘The market’s established’
Yahoo Finance·2025-10-04 08:02
The U.S. electric vehicle market is established and ready to grow without federal subsidies, according to Jon McNeill, a former Tesla president of global sales and service and current GM board member. Speaking to CNBC on Thursday, McNeill expressed confidence that despite the recent expiration of a key EV tax credit, the industry will continue its upward trajectory, bolstered by more model choices and the availability of lower-priced vehicles. He pointed to Europe as a case study, noting that when countri ...