Experts said electric car sales would fall off a cliff once the ev tax credit ended Here's how much they plummeted in october. Electric vehicle sales dropped in october following the expiration of a $7,500 federal tax credit, with top car brands including ford (f) seeing significant declines after a surge in sales in. Even with strong demand up until the federal tax credit expired, hyundai’s ev sales crashed last month Hyundai, ford, kia, and honda sold significantly fewer evs in october. Ford , kia and hyundai reported massive declines in ev sales as many buyers pulled ahead purchases before federal ev credits ended.
Ev sales drop 74% in the u.s After the $7,500 federal tax credit ended, according to cloud theory’s latest report.
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