Former Tesla exec claims EV industry will grow, not shrink, after death of $7,500 tax credit: 'The market's established'

The U.S. electric vehicle market is established and ready to grow without federal subsidies, according to Jon McNeill , a former Tesla president of global sales and service and current GM board member.

Speaking to CNBC on Thursday, McNeill expressed confidence that despite the recent expiration of a key EV tax credit, the industry will continue its upward trajectory, bolstered by more model choices and the availability of lower-priced vehicles.

He pointed to Europe as a case study, noting that when countries like Germany rolled back their subsidies a couple of years ago, the EV market “surprisingly … continued to grow.”

McNeill suggested the U.S. is poised for a similar outcome, stating, “The market’s established, and we’re probably ready to have a market that can … grow without