"Sales of electric cars are certain to dip. Real-world prices will rise. The only question is how much, and for how long, as President Donald Trump and his administration continue to go scorched-earth over climate change and kneecap support for electric cars and renewable energy. With one eye on the clock, consumers bought more new EVs in August 2025 than in any other month in US history: Sales reached 146,332 cars, up nearly 18 percent year over year, according to Cox Automotive."
"Now those clean-car credits that benefited buyers and automakers, first conceived in 1992 during the George H.W. Bush administration, are sailing off into the sunset. President Barack Obama switched an existing $7,500 credit to a point-of-sale rebate, with a goal of getting 1 million EVs on the road. Rebates continued as a cornerstone of President Joe Biden's Inflation Reduction Act, but tied to a dizzying array of domestic-sourcing rules and restrictions"
The $7,500 federal EV tax credit will expire at midnight on Oct. 1, likely pushing real-world EV prices higher and causing sales to dip. Consumers accelerated purchases ahead of expiration, producing record August 2025 sales of 146,332 new EVs and nearly 41,000 used EV sales, with fully electric models reaching 9.9% of new-car share. EVs carried a $9,066 premium versus typical internal combustion cars, but credits and incentives in July–August reduced average EV transaction prices to $44,908, about $600 below ICE averages. Clean-car credits trace to 1992 and were later converted to point-of-sale rebates and tied to Inflation Reduction Act sourcing rules.
Read at The Verge
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