Title: “Record EV Sales Predicted as Federal Incentives Near End, Raising Demand Concerns” Title: “Record EV Sales Predicted as Federal Incentives Near End, Raising Demand Concerns” Title: “Record EV Sales Predicted as Federal Incentives Near End, Raising Demand Concerns” StockScope: Title: “Record EV Sales Predicted as Federal Incentives Near End, Raising Demand Concerns”

Title: “Record EV Sales Predicted as Federal Incentives Near End, Raising Demand Concerns”

**Title:** Electric Vehicle Sales Set for Record in 2024—But What’s Next When Federal Incentives Expire? **Article:** The electric vehicle (EV) market is motoring toward a banner year, with 2024 EV sales on track to break all previous records in the United States. Yet, as investors and industry watchers celebrate these gains, a looming shift may pump the brakes: federal incentives for new EV purchases are set to expire after Tuesday, sparking concern about the future pace of growth. **EV Sales Surge—For Now** Automakers and US stock market participants have enjoyed a blockbuster run so far in 2024. Tesla (TSLA), Rivian (RIVN), and legacy giants like Ford (F) and General Motors (GM) have all reported strong US demand in the first half of the year, thanks in part to generous federal tax credits for buyers. These incentives—up to $7,500 per qualifying vehicle—have made EVs an appealing choice for price-sensitive consumers, helping to close the gap between electric and traditional gas-powered cars. **Incentive Cliff Ahead** However, this surge may be short-lived. Federal tax incentives, which played a key role in accelerating adoption, are scheduled to end after Tuesday. Analysts warn that, without this support, the cost advantage for EVs dwindles, likely chilling demand. Case in point: Morgan Stanley analysts project a potential slowdown for pure-play EV makers and established automakers alike. “The loss of federal support could tighten the market, particularly hitting mid-range and entry-level segments,” noted an analyst in a recent client note. **Stock Market Implications** Shares of leading EV manufacturers may face renewed volatility as investors recalibrate growth expectations. Tesla (TSLA), which relies heavily on volume sales to maintain its industry lead, could see demand wane. Likewise, Ford, General Motors, and new entrants like Lucid (LCID) and Fisker (FSR), all of which have rolled out ambitious EV portfolios, must brace for stiffer competition and consumer hesitation. Battery manufacturers such as Albemarle (ALB) and suppliers including Aptiv (APTV) are also in the spotlight, as a cooling EV market could ripple through the broader supply chain. **Long-Term View: What’s Next for US EV Stocks?** Despite near-term headwinds, some investors remain bullish on the secular trend toward electrification. Automakers continue to invest billions in US-based manufacturing and charging infrastructure, betting that long-term consumer preference will ultimately favor cleaner vehicles—even as incentives fade. For now, all eyes are on consumer response once the incentive window closes this week. Whether the current record-setting pace can be sustained—or whether the market will need fresh stimulus—remains an open question that will shape the next chapter for EV-related US stocks. **Bottom Line:** The record-setting year for EV sales is both a testament to federal policy’s power and a test of the market’s durability. Investors should watch closely as the US EV sector navigates this period of uncertainty. Will private demand be strong enough to pick up the slack, or will stocks face more bumps ahead? The next few months will provide the answers—and could redefine the roadmap for America’s electric vehicle revolution.
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