CleanTechnica•14 days ago
US Tesla Sales Drop 23% in November Year Over Year
Key Takeaway
The immediate drop in EV sales following the expiration of tax credits underscores the profound impact of policy on electrification adoption rates, directly influencing future electricity demand forecasts and infrastructure investment strategies for developers and IPPs.
AI Summary
- •US Tesla sales dropped 23% year-over-year in November, contributing to a broader Q4 decline in overall EV sales.
- •The sharp decline in EV sales is directly attributed to the expiration of the $7,500 US EV tax credit.
- •This highlights significant volatility in EV market demand tied to policy incentives, impacting projections for future electricity load growth from EV charging infrastructure.
- •Developers of charging infrastructure, utilities forecasting grid demand, and IPPs considering future generation needs influenced by electrification trends should note the sensitivity of EV adoption to policy changes.
Topics
iraoempolicy
Article Content
As expected, EV sales in the US are down this quarter. Sales surged in the 3rd quarter before the $7,500 US EV tax credit expired, and they have subsequently dropped — or collapsed off a cliff — in the 4th quarter. Reuters has apparently received exclusive data from Cox Automotive ... [continued] The post US Tesla Sales Drop 23% in November Year Over Year appeared first on CleanTechnica .