"If you've been thinking about buying an electric vehicle, the only better time to buy one than today is yesterday. EVs have gone full fire sale, with automakers seemingly clearing out excess inventory as quickly as possible ahead of the end of the month when the federal EV tax credit goes away on Sept. 30. Naturally, this means a bit of pressure for anybody considering a new EV over the next several weeks. And automakers? They're loving the influx of sales-but this surge may not last."
"Twenty-six days. That's how long you have to pick up that new EV you've been thinking about before you're out of pocket spend is $7,500 heavier ( assuming it qualifies for the tax credit, that is). The clock is ticking on how long buyers have to make their purchases, and savvy buyers have been hitting dealer lots for weeks to make sure they get their pick before they run out of time."
"Automotive News picks out some sales figures to show how August's sales are being propped up: General Motors, which typically hasn't reported monthly results, said August was its best month ever for EV sales with deliveries of more than 21,000 units. Ford Motor Co. said Mustang Mach-E sales during the month surged 35 percent to 7,226 vehicles. At Hyundai Motor America, Ioniq 5 deliveries vaulted 61 percent to 7,773 vehicles while Ioniq 6 sales bum"
Automakers are heavily discounting electric vehicles as they clear excess inventory before the federal $7,500 EV tax credit expires on Sept. 30. Buyers are racing to dealerships to secure vehicles and qualify for the incentive, driving a significant, short-term surge in sales. General Motors reported its best month ever for EV deliveries, topping 21,000 units. Ford saw Mustang Mach-E sales rise 35 percent to 7,226 vehicles, and Hyundai Ioniq 5 deliveries jumped 61 percent to 7,773 units. Manufacturers may end aggressive discounts soon, and Tesla reinstated a safety driver for its Robotaxi operations in Texas.
Read at InsideEVs
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