Automakers push EVs despite market slump

Major automakers showcased new electric vehicles at the New York Auto Show despite a sharp decline in U.S. EV sales following the removal of the $7,500 federal tax credit. With fuel prices rising and consumer preferences shifting, brands like Kia, Subaru, Toyota, Hyundai and GM are recalibrating their strategies — emphasizing hybrids, affordability and long‑term electrification plans as they navigate a complex, cooling EV market.