Overview

• On July 30, Mercedes-Benz announced a temporary halt to U.S. order banks and deliveries for its EQ electric range to realign supply with falling demand.
• Starting September 1, the company will suspend domestic assembly of EQS and EQE SUVs at its Vance, Alabama plant for U.S. customers while maintaining output for export markets.
• Earlier this month, Mercedes-Benz slashed prices on its remaining electric vehicles by up to $15,000 in an effort to reduce elevated dealership stockpiles.
• President Trump’s recent spending bill accelerated the end of the $7,500 federal EV tax credit, removing a key incentive and contributing to the sales slowdown.
• CEO Ola Källenius said he still expects U.S. battery-electric vehicle adoption to grow over the medium to long term despite the current downturn.