EV Sales Plummet In October After Federal Tax Credit Ends
Longtime Slashdot reader sinij shares a report from Car and Driver: Sales of electric vehicles surged in September as shoppers rushed to take advantage of the $7500 federal EV tax credit before it disappeared at the end of the month. With the government subsidies now gone, EV sales were expected to take a hit in October. While only a few automakers still report sales on a monthly basis, the results we do have do not paint a rosy picture for EVs in a post-tax credit world.
The Korean automakers were hit particularly hard by the loss of the tax credit. The Hyundai Ioniq 5, which was the fifth-best-selling EV through the third quarter of this year, experienced a 63 percent drop, moving 1642 units in October 2025, down from 4498 in 2024. Its platform-mates saw similar declines. The Kia EV6 moved just 508 units, down 71 percent versus the same month the year before, while the luxurious Genesis GV60 only found 93 buyers, a 54 percent slide year over year. Things were even worse at Honda. While the Acura ZDX was recently discontinued after just a single model year, the related Honda Prologue remains on sale but registered just 806 units, down 81 percent from 4130 sales in October 2024. [...]
Obviously, this isn't the full picture, as several major players -- including General Motors, Toyota, Nissan, and Volkswagen -- only release sales reports on a quarterly basis, and others, such as Tesla and Rivian, don't break out individual sales at all. But with four of the top 10 bestselling EVs through Q3 all showing noteworthy declines in October, it spells trouble for the EV market at large. The end-of-year sales figures will provide a much clearer picture of whether October was just a blip or the start of a much more widespread problem for EV sales.
Read more of this story at Slashdot.
Coronation Street's Catherine Tyldesley insists soap bosses are listening to disgruntled viewers and taking show back to its 'golden age' following plummeting ratings - as she returns after eight years
The actress, 42, recently returned to the cobbles as Eva Price after eight years amid rumours of troubles behind the scenes due to an ITV cash crisis and revolt from the cast.
Channel 4 quiz AXED as in-demand host Claudia Winkleman quits to focus on celebrity chat show instead
Claudia Winkleman's Channel 4 quiz show One Question has just been axed by the BBC following her sensational departure from Strictly.
Irish sporting superstar's legacy is now a pathetic image of a cheat with a charger up his nose to carry out a wicked fraud as he is jailed for faking cancer diagnosis in money scam
DJ Carey, 54, who was dubbed the 'Maradona of hurling', pleaded guilty in July to 10 counts of inducing people to give him money.
David Beckham to receive knighthood from King Charles today
The former England captain was recognised in the King's Birthday Honours list earlier this year
Katie Price leaves her live show audience with Kerry Katona shocked as she makes wild claim she once kissed footballer Jack Grealish
The ex-glamour model, 47, is currently on tour across the UK with her pal, Atomic Kitten star Kerry Katona , 45.
POLL OF THE DAY: Who do you blame for the forthcoming tax rises?
Britain is bracing for a fresh wave of tax rises after Chancellor Rachel Reeves signalled that her upcoming Budget would include sweeping measures to plug a major gap in public finances.
The six biggest eye make-up mistakes that make me shudder, by a top make-up artist. These errors make eyes look smaller and older... but are so simple to fix
Speaking to professional make-up artist Hannah Martin, we discovered what cardinal sins to avoid…
HSBC will now lend mortgages of up to 6.5 times salary - but there's a big catch
For someone on a higher income, it could add up to an extra £200,000 or more to put towards a home.
New on-call firefighter for Braintree Fire Station as five pass tests
“When I saw that Braintree were recruiting and heard from a friend at the station how rewarding the job is, I didn’t hesitate for a second.
Rachel Reeves needs £26bn and must break income tax pledge, says Labour's favourite thinktank
The report came ahead of a speech by Rachel Reeves to the Treasury this morning, where she refused to rule out breaking the party's promise not to raise taxes.
America's most notorious mass murderer who killed 13 including his own kids dies aged 83
George Banks, 83, died of kidney cancer on Sunday afternoon at Phoenix state prison in Pennsylvania the state Department of Corrections said
Rachel Reeves lays the ground for tax rises as Chancellor admits 'necessary choices' are coming in Budget: Live updates
LIVE UPDATES: Follow the latest as Chancellor Rachel Reeves uses an early morning speech in Downing Street to address 'speculation' about the contents of her November 26 Budget.
Love Island's Harrison Solomon and Lauren Wood SPLIT after leaving ITV villa to be together
Love Island couple Harrison Solomon and Lauren Wood have split, The Daily Mail can exclusively reveal.
How much more council tax could YOU be paying under Rachel Reeves' desperate Budget assault on the 'wealthy'?
The Chancellor is said to be plotting a Budget tax raid on 'wealthy' households by dramatically hiking the charge for the top council tax bands.
ANDREW PIERCE: Rachel Reeves is a liar! I've counted SEVEN times where the Chancellor vowed not to raise taxes - It's time for her to go
The Chancellor told Britain after her last Budget, which raised our taxes to an all-time high, that she wasn't coming back for more.
British father dies while celebrating his daughter's 34th birthday with hike up Sri Lankan mountain
A British man has tragically died while celebrating his daughter's 34th birthday with a hike up a Sri Lankan mountain.
Migrants in tents, a council nearing bankruptcy and tensions on the streets: Life in Britain's asylum hotspot where a father was stabbed to death
Figures released earlier this year showed Hillingdon housed the most asylum seekers per head of any UK local authority - 97 per 10,000 people.
Days of rail chaos ahead after Cumbria landslide derails train and cuts off Scotland from North West England - as passengers warned 'do not travel'
The 04:28 service from Glasgow Central to London Euston came off the tracks near the village of Shap, in Cumbria at around 6:15am on Monday amid torrential rain and severe weather.
NIGEL FARAGE: We'll be the party of alarm-clock Britain - and change attitudes towards hard work and success
After 15 years of Tory and Labour governments, debt-laden Britain is in bigger economic trouble than anyone dares to admit. Reform UK will do things very differently.