
08/27/2025
U.S. EV sales are surging, projected to reach a record 12.8% of all auto sales in August, up from 11.2% in December 2024. Analysts say the rush is fueled by buyers looking to secure the $7,500 federal EV tax credit before it expires on September 30, 2025.
📌 According to Wired, this may be a temporary boom, with demand expected to cool after incentives phase out. Still, automakers are boosting momentum by offering an average of $6,700 in extra discounts, lowering the average EV price to $44,300—now cheaper than gas-powered vehicles ($45,700) for the first time.
Sources: Reuters, Wired, Automotive News
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