Friday, October 17, 2025
30.1 C
New Delhi

EV share in US car sales rises to 11%

A crowd of more affordable cars next year could help maintain the momentum, but analysts expect EV transactions to dip in the months ahead without federal tax credits.
A crowd of more affordable cars next year could help maintain the momentum, but analysts expect EV transactions to dip in the months ahead without federal tax credits.

Americans bought 438,500 electric cars and trucks in the third quarter, as drivers raced to grab federal incentives before they expired Sept. 30.

Those transactions, the highest number in a single quarter, comprised 11 per cent of all new car sales, eclipsing the previous high point of 8.7 per cent, according to Cox Automotive, a services and technology company.

A crowd of more affordable cars next year could help maintain the momentum, but analysts expect EV transactions to dip in the months ahead without federal tax credits.

Stephanie Valdez Streaty, Cox Director of Industry Insights, said in a report EVs could account for one quarter of all new US car sales by 2030. That’s “well short of the 50 per cent once envisioned, but certainly moving out of the ‘niche’ category.”

The sales highlight a tricky dynamic forindustry: Millions of Americans want EVs, but relatively high prices remain a speed bump to adoption.

  • Published On Oct 17, 2025 at 09:19 AM IST

Join the community of 2M+ industry professionals.

Subscribe to Newsletter to get latest insights & analysis in your inbox.

All about ETAuto industry right on your smartphone!

Go to Source

Hot this week

UK launches first digital ID: Is it similar to India’s Aadhaar? Full details of the plan

AI image used for representative purpose The UK government launched the digital version of its ID scheme on Friday, intended for former members of the armed services. Read More

Third term for Donald Trump? Author reveals how MAGA chief could remain president beyond 2028

Ai-generated image Donald Trump could potentially find a way to serve beyond the two-term limit for a US President, according to author Michael Wolff, who has long tracked the GOP leader’s political maneuvers. Read More

Putin’s ‘history rant’ at Alaska Summit nudged Trump closer to Ukraine: Report

Russian leader Vladimir Putin’s ‘history rant’ at the Alaska Summit and rejection of ceasefire proposals nudged US President Donald Trump closer to Ukraine and adopt a relatively harsher stance towards Russia, according to a report. Read More

Scorpio Horoscope (18 October, 2025): Emotional Balance And Caution Required

Scorpio Horoscope: Precision is your forte, Scorpio! You are known for your meticulous attention to detail, analytical mind, and relentless desire for order. Scorpios are amazing friends, always there to lend a hand and also give advice. Read More

Topics

UK launches first digital ID: Is it similar to India’s Aadhaar? Full details of the plan

AI image used for representative purpose The UK government launched the digital version of its ID scheme on Friday, intended for former members of the armed services. Read More

Third term for Donald Trump? Author reveals how MAGA chief could remain president beyond 2028

Ai-generated image Donald Trump could potentially find a way to serve beyond the two-term limit for a US President, according to author Michael Wolff, who has long tracked the GOP leader’s political maneuvers. Read More

Putin’s ‘history rant’ at Alaska Summit nudged Trump closer to Ukraine: Report

Russian leader Vladimir Putin’s ‘history rant’ at the Alaska Summit and rejection of ceasefire proposals nudged US President Donald Trump closer to Ukraine and adopt a relatively harsher stance towards Russia, according to a report. Read More

Scorpio Horoscope (18 October, 2025): Emotional Balance And Caution Required

Scorpio Horoscope: Precision is your forte, Scorpio! You are known for your meticulous attention to detail, analytical mind, and relentless desire for order. Scorpios are amazing friends, always there to lend a hand and also give advice. Read More

Libra Daily Horoscope (18 October, 2025): Positive Energies And Social Connections

Libra Horoscope: Salutations, harmonious Libra! Your sign is all about balance, beauty, and diplomacy. Read More

Ex-Trump adviser Bolton arrives at court to surrender on charges of mishandling classified information

Former Trump national security adviser John Bolton surrendered in Maryland on charges of storing and sharing top-secret records with relatives. Bolton denies wrongdoing, calling the case an attempt to politicise federal law enforcement. Read More

5.6 Magnitude Earthquake Hits Afghanistan-Tajikistan Border, No Injuries Reported

According to the National Centre for Seismology (NCS), the tremor originated at a depth of 10 kilometers. Read More

Related Articles