The federal EV tax credit ended recently, but a survey showed 57% of people are still likely to consider a hybrid or EV for their next car. Here is a quick breakdown of where the major players are at right now. Tesla delivered over 1.6 million vehicles in 2025. Their margins dropped to 16.2% because of price cuts, but free cash flow actually went up to $6.2 billion. Rivian saw deliveries drop to 42k in 2025. This was mostly due to pausing production to prepare for their R2 model. They have about $3.6 billion in cash to float them while they ramp up. For the legacy automakers, Ford is pivoting hard into hybrids after taking a $19.5 billion impairment charge. Their F-150 and Maverick hybrids are setting sales records. GM is still slowly scaling their pure EVs and currently pays about a 1% dividend. Looking at the international and newer players, Li Auto is actually profitable with $162 million in net income last year and a solid $8.1 billion cash position. Lucid is still bleeding cash with a $2.7 billion loss, though deliveries are up 55%. VinFast is also growing deliveries but operating with deeply negative margins. Since Tesla's charging tech is becoming the standard, buying an EV should get easier for consumers. The market is still young though, so spreading risk across a few names or an ETF makes sense.