US EV policy rollback & hybrid resurgence

US EV sales down 32.9% in 2026; Europe up 15.7%. Toyota/Honda/Hyundai control 86% US hybrid sales. Tesla Q2 operating margin 1.4%. Ford unveils $30k pickup platform. GM and Ford deprioritizing EV talk in earnings calls, shifting to software, AVs, and profitable trucks. Rivian adds second shift for R2 production.