All the wrong EVs are getting canceled

Automakers are canceling a wave of affordable EV models—including the Volvo EX30, Chevy Bolt, and entry-level Nissan Leaf—while expensive, low-demand vehicles like the Cadillac Escalade IQ and Cybertruck remain on sale. This pattern suggests manufacturers are abandoning lower-margin EVs that could broaden adoption in favor of high-priced models, even as Cybertruck sales fell 48% in 2025 and Tesla raised its pricing aggressively.