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Carmakers' answer to US EV lull: hybrids, cheaper models
Yahoo Finance·2025-10-29 22:05

By Nora Eckert, Abhirup Roy and David Shepardson DETROIT (Reuters) -One month after a $7,500 federal U.S. tax credit for electric vehicles and plug-in hybrids was scrapped, automakers are rethinking their product pipelines and focusing on cheaper models to keep car buyers interested, company executives said on Wednesday at a Reuters conference in Detroit. Volkswagen's U.S. chief said the company is pivoting to hybrids, which run on both gasoline and batteries, as it waits to see the natural level of cons ...