The tax credit cliff has hit EV sales hard

[tjscott0]

The tax credit has also lapsed in China. And domestic sales are suffering there too.

2026-The year of Consolidation & Creative Destruction of Chinese NEV Manufacturers

NEV sales crater in China domestic market space. Dominant Chinese manufacturers are squeezing out smaller manufacturers. China has and is pushing export of its models overseas. However to facilitate that increase they are building factories overseas to dodge tariffs. With the decline of domestic sales that likely means idle production capacity and employee layoffs ultimately affect China’s economy in addition to the real estate downturn/collapse, to say nothing China’s demographic issues. Chin…