CleanTechnica•17 days ago
How Much Are EV Sales Dropping in the USA?
Key Takeaway
The immediate drop in EV sales following the end of a key tax credit underscores the significant impact of policy on market growth and future electricity demand projections for the power sector.
AI Summary
- •The cessation of the $7,500 federal EV tax credit on September 30th has led to a significant drop in US EV sales, as anticipated by the market.
- •This policy change highlights the sensitivity of EV adoption rates to government incentives, directly impacting the pace of transportation electrification.
- •A slowdown in EV sales growth could temper expectations for new electricity load additions from vehicle charging infrastructure, influencing long-term generation and transmission planning for developers and IPPs.
Topics
oempolicy
Article Content
Naturally, after the $7,500 tax credit for new electric vehicles was ended on September 30, there was going to be a significant drop-off in sales for a little while. Let’s have a look and see how much the sector has been hit, getting a peek into the market by looking ... [continued] The post How Much Are EV Sales Dropping in the USA? appeared first on CleanTechnica .