Electric Car News Electric Car Sales Set A New Record In The U S In 2024 Here Are The 10 Best Sellers

EV Sales Surge Worldwide, But U.S. Demand Crashes After Tax Credit Ends

Global sales of electric and plug-in hybrid vehicles surged 23% in October reaching roughly 1.9 million units worldwide, according to data from market research firm Rho Motion, via Reuters. The ... Read More

Electric Vehicles Make Up 11 Percent of US Car Sales

Americans bought 438,500 electric cars and trucks in the third quarter, as drivers raced to grab federal incentives before they expired Sept. 30. Those transactions, the highest number in a single ... Read More

Electric vehicle sales hit record ahead of tax credit's end

Americans bought 438,500 electric cars and trucks in the third quarter, as drivers raced to grab federal incentives before they expired Sept. 30. Those transactions, the highest number in a single ... Read More

One in four new cars sold in October were electric

New car sales rose by 0.5% in October as surging electric sales continued to keep the market buoyant. EVs accounted for 24.5% of the market last month, the second highest market share recorded this ... Read More

End of EV tax subsidy sparks worries of collapse in US electric car sales

Dealerships adopt cautious approach, reducing EV inventory Ford CEO predicts EV sales to drop to 5% of total U.S. vehicle sales Automakers struggle to provide long-term support without tax credit ... Read More

U.S. electric vehicle subsidies expire, raising fears of global lag

Federal tax credits for electric vehicles expired on Sept. 30, ending a $7,500 subsidy that had made cleaner cars more accessible to American buyers for more than a decade. Introduced in 2008, the tax ... Read More

Average US car prices top a record $50,000 on EV sales surge

The average price of a new car in America topped $50,000 for the first time last month, driven by a surge in sales of expensive electric vehicles and luxury models. U.S. car buyers paid an average of ... Read More

Slowing Electric Vehicle Sales Will Cost G.M. $1.6 Billion

General Motors said it would lower its earnings by that amount to mainly reflect the drop in the value of equipment, factories and other assets. By Neal E. Boudette The slowdown in electric car sales ... Read More