US Senate Considers Early Termination of EV Incentives

The U.S. Senate is currently evaluating the possibility of ending federal electric vehicle (EV) incentives ahead of the originally planned schedule. These incentives, introduced under the Biden administration, have played a pivotal role in accelerating EV sales across the United States, mirroring their success in other major markets such as China and the European Union. The potential early termination of these incentives is drawing close attention from the U.S. auto industry, including companies like Mullen Automotive Inc. (NASDAQ: MULN), as it could have far-reaching implications for the EV sector's growth and consumer adoption rates.