Honda shows off new hybrids for America as it absorbs $9 billion EV loss
AI Summary
After US government policies wrecked the country's electric vehicle market, automakers have been scrambling to adapt. The loss of federal clean vehicle tax incentives and funding for charging infrastructure, combined with capricious tariffs, has resulted in a 28 percent drop in EV sales for the first three months of the year . That's a far cry from just a few years ago, when optimism abounded and a strong commitment to an EV-heavy portfolio translated into a higher share price.
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