The Trump administration has rolled back EV incentives, but charging companies see growth ahead. Here's why https://t.co/g2QVLXiH5B ...

Group 1 - Stellantis NV has delayed the implementation of CEO Antonio Filosa's future plan to the first half of 2026, moving from the initially indicated first quarter [1][2] - An official stated that final decisions on the timing of the plan will be made relatively soon, with communication to follow once a decision is reached [2] Group 2 - Stellantis plans to invest over $10 billion in the U.S. to strengthen its position in the domestic auto industry, focusing on restoring Jeep's dominance and reviving Dodge and Chrysler [3] - The company has announced an extension of EV incentives in the U.S. after the end of the IRA EV credit on September 30, offering cash bonuses on existing dealer inventory [4] - Stellantis remains the only company among the Detroit Big Three to offer EV incentives, as Ford and General Motors have rolled back their plans [4] Group 3 - Stellantis is currently experiencing poor momentum and growth, but shows a favorable price trend in the short and medium term [5]

Group 1: EV Incentives and Market Response - Ford Motor Co. has decided to roll back the EV incentives it initially planned to offer beyond the September 30 deadline, following General Motors' similar decision due to concerns from Senator Bernie Moreno [1][2] - Ford will not claim the EV tax credit but will maintain competitive lease payments and continue offering 0% financing for 72 months as alternative incentives [2][3] - Other automakers like Stellantis NV and Hyundai Motor Co. are still providing cash discounts and incentives on EVs beyond the deadline, with Hyundai reducing the price of its Ioniq 5 EV [4] Group 2: Industry Perspectives - Jon McNeill, a former Tesla executive, stated that the U.S. EV market is ready to grow without federal incentives, suggesting a shift in market dynamics [5] - Ford is also providing low-interest loans to customers with subprime credit ratings for its F-150 pickup truck, aiming to make financing accessible to a broader customer base [7] Group 3: Company Operations and Employee Policies - Ford has been sending automated emails to employees regarding compliance with the 'Return to Office' mandate, with reports of inconsistencies in communication for those with pre-approved work-from-home arrangements [6] - The company is noted for offering satisfactory momentum, growth, and quality, while also scoring well on the value metric, indicating a favorable price trend in the short, medium, and long term [8]

Core Insights - The end of the Federal EV credit on September 30 has prompted various automakers in the U.S. to respond with extensions of their EV incentives to maintain sales momentum [1] Automaker Responses - Ford Motor Co. and General Motors Co. are extending EV incentives through December by making down payments to dealers, allowing customers to benefit from the credit and potentially lower monthly payments [2] - Stellantis NV is also extending EV incentives, offering cash bonuses on existing dealer inventory, unlike Ford and GM [3] - Hyundai Motor Co. has announced an extension of EV incentives for its Ioniq 5 and has also reduced the vehicle's price [4] - Lucid Group Inc. will extend its EV credit until the end of the year to ensure customers do not miss out on savings [5] No Extensions Offered - Tesla, Rivian, Honda, and Toyota are not extending their EV credits, with Tesla encouraging customers to finalize purchases before the deadline [6][7] Market Outlook - A former Tesla executive believes that EV sales will continue to grow despite the removal of incentives, driven by model availability and affordable options [8] - An investor suggests that traditional automakers may be less incentivized to invest in EVs due to the end of the tax credit, potentially benefiting established EV manufacturers like Tesla [9]

Tesla's Delivery and Market Position - Tesla reported record third-quarter deliveries of just over 497,000 cars [1] - Tesla's stock experienced a 30% rally in September, recovering its 2025 losses [1] - The company demonstrated its ability to grow again after previous year-over-year declines in revenue and deliveries [3][4] - Traditional OEMs' concerns about EV demand in 2026 create an opportunity for Tesla to increase sales [6] - Tesla's history shows that lowering prices leads to increased orders, a trend applicable to the overall industry [17] Impact of EV Incentives - The expiration of EV incentives at the end of Q3 likely pulled forward demand [4][5] - Analysts expect a sequential decline in Q4 car sales, contrasting with the typical increase, due to the incentive expiration [5] - The removal of taxpayer-funded incentives necessitates that EVs are purchased based on their own merit [16] - Q3 sales results indicate that EV products may be priced too high, suggesting a need for automakers to adjust pricing [18][19] - A potential steady decline in EV car prices could diminish the importance of government subsidies [20] Future Outlook and Valuation - New vehicle introductions are expected to sustain momentum from Q3 into Q4 and 2026 [4][5] - Analysts are focusing on Tesla's earnings power relative to the MAG 7, looking at earnings up to 2028 [11][12] - Used electric cars are depreciating rapidly, making them a potentially good bargain for consumers [26] - Tariffs and the expiration of incentives could make 2026 cars more expensive [29] - Q4 auto sales are expected to dip, potentially by as much as 50%, due to demand being pulled forward [23]

Core Points - California will not replace the $7,500 federal tax credit for electric vehicle (EV) buyers, as stated by Governor Gavin Newsom, marking a reversal from previous commitments to restart state EV subsidies [1][4] - The expiration of the federal tax credit, which was part of a major tax-and-spending bill, has ended years of federal support for EV buyers, impacting the EV market significantly [2][3] - Major automakers like Rivian, Hyundai, and Volkswagen had hoped for California to introduce a $5,000 EV incentive to fill the gap left by the federal credit [3] Group 1 - Newsom's decision is influenced by California's budget deficit, which complicates the state's ability to provide direct subsidies for EV purchases [4][5] - The governor criticized General Motors for its role in blocking California's ban on gasoline-powered vehicle sales, which was projected to reduce greenhouse gas emissions by over 35% [4][5] - California previously accounted for approximately 27% of all EV sales in the U.S., highlighting its significance in the EV market [6] Group 2 - The California Air Resources Board, along with other state agencies, has expressed support for renewing the EV incentive, suggesting that the state should utilize available resources to backfill the federal tax credit [7] - There is potential for California to revive an EV credit in the future, as state leaders are considering allocating funds from a carbon-trading program to support environmental initiatives [5]

Market Performance - Tesla's deliveries in Norway surged by 213% [1] - Model Y is the best-selling car in Norway [1] Market Drivers - Strong EV incentives in Norway boosted Tesla's sales [1] - 0% financing options contributed to Tesla's success [1] - Norway demonstrates a strong preference for sustainable driving [1]