> buoyed by the use of state-funded incentives to buy electric cars, and we know this because now that those incentives are ending, EV sales are cratering.

Oil subsidies are so interwoven with the way the US works that this is easy to miss in these discussions, but if not for these subsidies ICE vehicles would be much more expensive:

https://www.theguardian.com/environment/2025/sep/09/fossil-f...