Benz will pause deliveries of its EQ electric range to the United States, the carmaker said on Wednesday as it responded to slowing demand and high inventories at dealerships. Since President Donald Trump's spending bill earlier this month cut tax EV credits sooner than anticipated,

A new report says Mercedes-Benz will temporarily stop building the all-electric EQE and EQS sedans and SUVs for American customers as of Sept. 1.

The luxury carmaker is hitting the brakes on its EQ line, a move that could be seen as the beginning of the industry's troubles as federal tax breaks are set to expire.