US EditionFord, Hyundai Report Large Declines in October EV Sales After End of Federal Credits
Hybrid sales rose 41% and electrified vehicle sales increased 8% despite a 2% overall sales decline due to the end of the federal EV tax credit, Hyundai said.
- Ford, Kia and Hyundai reported massive declines in electric vehicle sales due to buyers pulling ahead purchases before tax credits expired under the Trump administration.
- Hyundai's electrified and hybrid vehicle sales increased compared to the previous year, while its EV sales declined along with competitors like Ford.
- The Insurance Institute for Highway Safety recognized two Hyundai models for outstanding safety performance.
54 Articles
54 Articles
Ford, Hyundai, and Kia EV Sales Plummet After Federal Tax Credit Expires
Several car makers reported a slump in electric vehicle (EV) sales in the United States in October—the first month without a federal tax credit. Dearborn, Michigan-based Ford on Nov. 3 reported that its October EV sales plummeted nearly 60 percent from September, to just 4,709 units, while hybrid vehicle sales held steady at 17,498 units. The company sold 1,543 Lighting electric half-ton trucks in October, down by 61 percent from September’s 3,9…
President Trump has made sure that in the US the $7,500 tax credit went out when buying an electric car, and the first e-car numbers after that were cancelled.
President Trump has made sure that in the US the $7,500 tax credit went out when buying an electric car, and the first e-car numbers after that were cancelled.
Washington, Nov 3 (EFE).- The sales of electric vehicles (VE) in the United States suffered heavy losses in October with the end of federal tax credits, according to figures released this Monday by car manufacturers. Ford, the third manufacturer in the US VE segment behind Tesla and General Motors (GM), pointed out in a statement that the demand for electric vehicles collapsed in October almost 25% and went from 6,264 units in October 2024 to 4,…
Coverage Details
Bias Distribution
- 62% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
