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New EV Sales Up 7%, Used EVs 64% Up Over Last Year
More than 1 million new EVs have been sold in the U.S. through the first 10 months of the year
According to recent data published by Cox Automotive, October saw 106,155 new EVs sold across the country, representing a 2.3% increase from September and a 6.7% rise year-to-date. Electric models now make up a significant 7.9% of the total new car market, a figure that highlights the segment’s growing share despite a broader industry slowdown. The new leadership has promised to slash federal electric vehicle subsidies, a move that could disrupt the industry’s momentum, even if state-level rebates, like those in California, remain intact.
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