Mercedes-Benz’s Latest Decision Signals Trouble Ahead for EVs
We are likely to see this story repeat itself, with only the names at the top changing. Mercedes-Benz’s latest announcement does not bode well for the future of electric vehicles in the United States, especially as federal tax breaks are set to expire. On September 30, the federal incentives introduced under the Biden administration to support EV adoption will officially disappear. These tax credits were designed to offset the higher cost of EVs compared to gas-powered vehicles. But with the cl