President Donald Trump’s administration has taken steps to eliminate EV incentives and subsidies, impacting automakers like Tesla and Rivian. The EPA proposed rolling back greenhouse gas regulations, and a new tax bill will end credits for EVs. Automakers are recalculating profits as they navigate the changing landscape.

Tesla CEO Elon Musk anticipates rough quarters without EV incentives, while CFO Vaibhav Taneja focuses on maximizing U.S. vehicle sales before tax credits end. General Motors expects a rush on EVs before the deadline, but a minimal impact on 2025 results. Ford unveils a low-cost EV program amid rising competition.

Ford CEO Jim Farley believes EVs will face challenges until costs are lowered. Rivian predicts a revenue loss due to regulatory credit changes but sees potential long-term benefits. Automakers are adjusting product lineups and capital allocation in response to changing U.S. regulations on EV incentives.

Read more at CNBC: Here’s what U.S. automakers are saying about Trump’s EV policies