Despite the extreme polarization surrounding electric vehicles in 2024, American car buyers were resilient, showing that cars are integral to America's social fabric.
U.S. EV sales increased 12% in the final quarter of 2024, totaling 1.3 million units, which represented about 8% of total auto sales.
Ending the $7,500 tax credit for EVs was a key campaign topic for President-elect Donald Trump, prompting a year-end push for EV purchases.
Lower interest rates, rising manufacturer incentives, and reduced election anxiety contributed to a robust year in the US auto market, reaching a five-year high.
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