The end of federal incentives for electric vehicles (EVs) is set to create a significant shift in the market, with demand expected to decline after a record year for sales. Automakers have heavily relied on these incentives, which have been in place since 2008, to stimulate consumer interest in EVs. Analysts predict a boom-and-bust scenario as the market adjusts to the absence of these incentives. Major industry figures, including executives from General Motors and Tesla, have acknowledged the potential for a drop in sales. While some companies are already scaling back production and laying off workers, others are preparing to launch new models that could attract buyers despite the lack of tax credits. The future of the EV market will depend on the introduction of affordable models and the ability to sustain consumer interest without government support.