New rules from the Treasury Department will make it harder for vehicles to qualify for the federal EV tax credit, though the automakers were also granted a reprieve.
The latest layoffs at Tesla this week cut close to the bone of the EV pioneer’s big competitive advantage — its ubiquitous Supercharger network.
Ford reported April US sales that dipped slightly, but saw continued strength with hybrid and truck sales, highlighting the automaker’s pivot into those vehicles.