Photo Credit: Fair Use [17 U.S.C. § 107] Another Honda cancelled EV: 0 SUV
US EV Sales Are Down, But Not Out. Here's Why Automakers Won't Pull The Plug
21 Jul 2026 | Abstracted from CNN
Automakers aren't killing EV programs; they are recalibrating unrealistic timelines. Globally, adoption remains strong, particularly in China and Europe. Abandoning EVs would force US brands to concede market share and write off over $300B in battery and factory investments. Organic demand persists, and next-gen LFP battery platforms will soon lower costs to ICE parity.
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