US electric vehicle (EV) investments declined by 30% in the third quarter of 2025, totaling $8.1 billion, as policy changes under the Trump administration favor gasoline engines. Approximately $7 billion in planned EV projects were canceled from April to September 2025, contributing to China's dominance in the global EV market, where it now accounts for two-thirds of sales. The reversal of EV tax credits and emissions regulations has eroded investor confidence, with projections indicating the US will hold only a 7% share of EV sales by 2026, according to AlixPartners. Industry leaders caution that these developments could see the US fall behind China in the competitive global EV landscape.