The effect of government regulations on the EV market is diminishing with the maturing market. Declining battery costs and increasing economies of scale have improved the economics of owning an electric vehicle, given its low maintenance and fuel costs. Moreover, automakers are convinced of the future of electric cars and want to get an early-mover advantage in the US. Furthermore, China’s mandate on automakers to manufacture EVs will affect the demand in the US and other markets as well – Aman Madhok