BONUS: No Crash, No Crisis - The Truth About US EVs Post-Tax Credit

EV News Daily - Technology and Business of EVs

Martyn Lee

Technology, Leisure, Automotive, Business

4.8 • 749 Ratings

🗓️ 29 October 2025

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s one of the most fascinating questions developing in the American EV market right now. For months, we've been bombarded with dire predictions about what would happen when the federal EV tax credit for new and used EVs expired on September 30th, 2025.

Industry titans lined up to tell us the sky was falling. The CEO of Ford predicted the market would collapse from 10% to just 5%. General Motors executives warned of a "sharp decline." Analysts at major firms forecast a devastating crash that would set electric vehicle adoption back years.

Well, I may be an idiot podcaster without the infinite access to world-class market analysis that CEO’s have, but it's now a month on and the predicted apocalypse hasn't materialized.

In fact, what we're seeing is a masterclass in how markets adapt, how manufacturers respond, and how resilient consumer demand for electric vehicles has actually become.

Today's episode is going to challenge the doom-and-gloom narrative that's dominated headlines for the past few months

We're going to look at the actual data from the first three weeks of October, examine the creative ways automakers are keeping EVs affordable without federal help, and draw lessons from other major markets like Germany and the UK that went through similar transitions and came out stronger on the other side.

Before we dive in, let me be clear: I'm not saying the loss of the $7,500 tax credit is meaningless. It's a significant change. But what I am saying is that the predictions of total market collapse were overblown, or at the least premature. The evidence is mounting that the American EV market is far more mature and resilient than the naysayers believed.

Just a reminder our bonus shows are exclusively for our Patreon supporters. For the first 7 days, only Patreon insiders get early access, their name on the list of legends for Executive Producers and above, and the power to shape future shows. If being in the know and recognised as a supporter sounds like you, join us now at patreon.com/evnewsdaily and become part of something special.

Transcript

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0:00.0	Welcome back to the podcast. Welcome to a bonus show. Welcome to an episode that I'm calling
0:03.7	No Crash, No Crisis, the truth about USEVs post-tax credit. This is one of the most
0:11.4	fascinating questions developing in the American EV market right now. For months, we've been
0:17.3	bombarded with dire predictions about what would happen when the federal
0:21.5	EB-Tax credit for newer news TVs expired on September 30th, as it did a month or so ago.
0:28.2	Industry Titans lined up to tell us and the media, which they gladly reported, that the
0:33.5	sky was falling in on EVs.
0:35.2	The CEO of Ford predicted the market would collapse from 10% of new car sales to 5%. A 50% decline.
0:44.1	General Motors executives warned of a sharp decline. Analysts at major firms forecast a devastating crash that would set electric vehicle adoption back for years, if not decades.
0:55.6	Well, you know, I'm just an idiot podcaster without the infinite access to world-class market
1:02.3	analysis that no doubt CEOs have on tap. But it's now been a month and the predicted apocalypse
1:10.2	hasn't materialized. In fact, what we're seeing is a masterclass in how markets adapt, how manufacturers respond and how resilient consumer demand for EVs is actually.
1:24.1	Today's episode is going to challenge the doom and gloom, the dominated headlines over the last few months. We're going to look at the actual data from the month of October. Not all the sales data that's in, that won't come out for a little while yet, but examine the creative ways that car makers are keeping EVs affordable without the federal help and draw lessons from other major markets like Germany and here in the UK that went through similar transitions and came out the other side stronger. Before we dive in, let me be clear. I'm not saying the loss of
1:48.4	seven and a half thousand dollars for new cars and four thousand for used cars is meaningless.
1:52.9	It's a significant change. What I am saying is that the predictions of total market collapse
1:59.5	have been overblown, or at least premature.
2:02.6	We don't know yet, do we? Let's just wait and see. The evidence is mounting that the American
2:07.8	EV market is actually more mature and resilient than all these naysayers believed.
2:13.3	Just a reminder, our bonus shows are exclusively for Patreon supporters for the first seven days only.
2:19.2	Patreon insiders get early access, and then it goes into the free feed seven days later.
2:24.2	Patreon supporters get their name on the list of legends in the show notes of every show.
2:28.6	You get to take part in the paid members chat called Kilowatt Confidential, which is where I hang out these days.
	...

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