If Republicans Kill EV Subsidies, Sales Could Drop 27%

I just published on the top-line highlights of a recent Deloitte consumer survey focused on the auto industry, and much of that focused on EV matters. However, as I was looking more closely at one of the charts, I noticed an interesting stat.

It’s just the 5th most popular response, but a full 27% of respondents said that their reason for getting an electric vehicle as their next vehicles was government incentives/subsidies. Yep, over a quarter of consumers indicated that government subsidies/incentives were key to their desire to buy an EV for their next car. What does that mean if those incentives are removed?#8230;

Now, there’s been some chatter from Elon Musk and his followers that Musk just thinks there shouldn’t be any subsidies at all — for fossil fuels as well as for electric cars. But, news flash — fossil fuel subsidies won’t be removed. Also, externalities are still a thing, and those aren’t being corrected for. Removing EV subsidies, on the other hand, should be a widely popular idea in the oil-funded GOP.

Are we going to see EV subsidies removed in 2025 in the US? Will EV sales drop 27% or so if that happens?