BUZZ-EV stocks brace for post-tax credit year as tariff pressures persist
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Electric vehicle companies are facing high manufacturing costs due to tariffs and the end of federal tax credits. Rivian's shares rose 47% this year despite a previous 43% drop, as it plans to develop custom chips for self-driving. Lucid's stock fell 63% YTD, continuing a four-year decline amid rising costs. Chinese EV firms saw mixed results, with Xpeng up 80% and Nio up 26%, while Li Auto dropped 28% YTD. The industry anticipates lower tariffs but faces uncertainty with the expiration of the $7,500 tax credit for vehicle leasing.
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