"EVs are flying off the lot with one notable exception: Teslas. Electric vehicle sales in the US hit a record in August as buyers rushed to take advantage of the $7,500 tax credit before it ends in September. 146,000 EVs were sold last month, according to data from automotive consultancy Cox Automotive, with electric vehicle sales reaching a record 9.9% market share."
"The Elon Musk-led automaker saw its US sales drop 6.7% year-over-year last month, Cox Automotive's data shows. Tesla's share of the EV market also fell to 38% in August, its lowest level in eight years, despite prices being around 5.5% lower than they were a year ago. Tesla has been buffeted by public backlash over CEO Musk's outspoken political interventions this year, and the company's vehicles have become targets for vandalism and protests."
U.S. electric vehicle sales reached a record in August as buyers rushed to claim a $7,500 tax credit before it ends on September 30. Cox Automotive reported 146,000 EVs sold and a 9.9% market share in August. The surge boosted sales for Ford, General Motors, and Hyundai. The Trump administration decided to end the $7,500 tax credit for new American-made EVs, triggering a buying rush. Tesla's U.S. sales fell 6.7% year‑over‑year in August, and its EV market share dropped to 38%, an eight‑year low, despite average prices about 5.5% lower than a year earlier. Tesla's global sales also declined in Q1 and Q2.
Read at Business Insider
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