In the second quarter, California registered 100,671 new electric vehicles, a slight increase from the first quarter but below last year's figures. The market share for zero-emission vehicles fell to 21.6%, down from previous quarters. Factors influencing this decline included potential tariffs and the soon-to-expire federal tax credits for EV purchases. These tax incentives, which provide grants of up to $7,500 for new electric vehicles, are set to end on September 30, impacting consumer purchasing behavior in California's EV market significantly.
Sales of new electric vehicles in California totaled 100,671 registrations in the second quarter of this year, slightly up from 100,326 in Q1, but down from 116,813 in Q2 of 2024.
Market share for zero-emission vehicle sales in California dropped to 21.6% in Q2, down from 23% in Q1 and 25.1% in Q4 of 2024.
Several factors, including potential tariffs and the expiration of federal tax credits, contributed to the tapering off of electric vehicle sales in California.
The expiration of federal tax incentives for electric vehicles will occur on September 30, which could significantly impact California's EV market due to lower consumer incentives.
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