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Experts said electric car sales would fall off a cliff once the ev tax credit ended October was the first month without the credit. Here's how much they plummeted in october.
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Sales of electric vehicles surged in september as shoppers rushed to take advantage of the $7500 federal ev tax credit before it disappeared at the end of the month Ford sold 4,709 evs, down 25% year over year, showing the effect of the end of the $7,500 federal ev purchase tax credit Even with strong demand up until the federal tax credit expired, hyundai’s ev sales crashed last month
Hyundai, ford, kia, and honda sold significantly fewer evs in october.
Ev sales plummeted over 60 percent for major automakers after federal tax credits expired, raising concerns about market sustainability Ev sales plummet 74% after federal tax incentive ends during the week of sept Just one week later, between oct
