"This was a rocky year for the electric vehicle industry in the United States. People rushed to buy electric cars this summer and fall before the $7,500 EV tax credit expired, leading to a record third quarter in which well over 400,000 Americans bought electric cars. Once that longstanding policy bit the dust on Sept. 30, thanks to Republicans' "Big Beautiful Bill," EV demand and market share in this country both dropped hard."
"Preliminary data indicate that 230,000 electric cars will be sold by the close of Q4 2025, a 46% drop from Q3 and a 37% decline year-over-year. The electric share of the car market dropped to 5.7% in the quarter. U.S. EV sales 2020-2025 Photo by: Tim Levin/InsideEVs Last year, Americans bought a record 1.3 million electric vehicles. Cox expects that to fall 2.1% to around 1.275 million in 2025."
Preliminary data show a sharp slowdown in U.S. electric vehicle sales after the $7,500 EV tax credit expired on Sept. 30. Buyers rushed to claim the credit earlier in the year, producing a record third quarter with well over 400,000 EV sales, followed by a steep Q4 pullback to about 230,000 units. That Q4 figure represents a 46% drop from Q3 and a 37% year-over-year decline. Annual EV deliveries are projected to fall roughly 2.1% to about 1.275 million units in 2025, reducing the battery-electric share to near 7.8% while total vehicle sales rise about 2%.
Read at insideevs.com
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