EV sales forecasts look grim after the federal EV tax credit expires Sept. 30, dealers say. Dealers expect EV sales to fall after the $7,500 federal tax credit expires on Sept. 30, and demand thereafter remains uncertain, according to Cox Automotive’s Electric Vehicle Market Outlook released Sept. 3. The index dropped to 30, the lowest […] The post EV sentiment falls to record low despite sales boost appeared first on Auto Finance News.| Auto Finance News
Some automakers’ sales climbed in August, in part from an EV sales rush ahead of the tax credit elimination. Automaker General Motors, which typically does not release monthly sales figures, reported that August was its best month for EV sales, with more than 21,000 EVs sold, according to a Sept. 3 release. GM saw an […] The post Toyota Motor North America sales rise 13.6% YoY in August appeared first on Auto Finance News.| Auto Finance News