From $91B to $2.3B: The Catastrophic Collapse of America’s EV Industry

Yahoo Finance ·

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The U.S. electric vehicle industry has faced a catastrophic collapse, with its value plunging from $91 billion to $2.3 billion. This extreme asset devaluation reflects aggressive investment cuts by automakers and stagnant demand. Market participants are taking a conservative approach amid concerns over short-term earnings deterioration.

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