The global EV story and the American EV story have decoupled. The IEA’s Global EV Outlook 2026 shows worldwide electric car sales climbing toward roughly a third of all new vehicle sales this year, while the US is described bluntly as falling behind the global boom. The US-specific shock. Last July’s One Big Beautiful Bill Act eliminated penalties for automakers missing fuel efficiency standards, removing a key incentive to sell EVs, and terminated federal tax credits for new and used EV purchases after September 2025.

GreenPower Motor Company Inc., a prominent manufacturer and distributor of all-electric, zero-emission medium and heavy-duty vehicles, has announced its financial results for the fiscal year ending March 31, 2024. Despite challenges in the EV sector, the company achieved significant progress, recording revenues of $39.3 million, closely matching the previous year’s $39.7 million. GreenPower’s Chairman and CEO, Fraser Atkinson, emphasized the company’s strategic shift towards a customer order-driven production model, necessitating enhancements in manufacturing capabilities in both California and West Virginia.