The development of electric cars threatens losses for global auto giants

In September 2025, the US government eliminated the federal incentive that gave buyers of battery-powered models a $7,500 tax credit. After this, the popularity of this type of transport collapsed: for example, according to the results of the fourth quarter alone, the drop in sales of electric cars was 30%.

According to experts from The Wall Street Journal, representatives of the “Big Three”, that is, General Motors, Ford and Stellantis, collectively lost $50 billion after the explosion of the “electric vehicle bubble”.

However, outside the United States, the popularity of battery technology is gradually growing: Chinese BYD alone has successfully exported more than a million “green” cars to foreign markets.

The regular Gazelle has been prepared for transporting delicate cargo. Official sales of the Li crossover have started in Belarus for 3.5 million rubles. Russian filling has appeared in the Moskvich 3e electric car.

Meanwhile, Honda abandoned the production of electric cars amid multibillion-dollar losses. The company has recorded operating losses for four quarters in a row, which forced its management to take unprecedented measures.