Tesla, GM, Other EV Sales To Tumble By 50% As Trump Ends Federal EV Credits Later This Month, Says Expert: Report
Synopsis
According to auto analyst Karl Brauer, EV sales could rise in the third quarter due to a potential rush to claim federal tax credits, but there could be a steep decline after the deadline kicks in.
Sales of electric vehicles from Tesla Inc. (TSLA), General Motors Co. (GM), Ford Motor Co. (F), and other players in the U.S. could be cut in half as President Donald Trump’s “One Big Beautiful Bill Act” ends federal EV credits later in September, according to an automobile industry expert.
According to a report by Yahoo Finance citing inputs from iSeeCars.com analyst Karl Brauer, although EV sales could rise in the third quarter (Q3) due to a potential rush from buyers ahead of the September 30 deadline for claiming EV tax credits, they would see a steep fall off once the deadline kicks in.
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