Consumers rushing to purchase electric vehicles prior to the expiration of a $7,500 federal tax credit led to record third-quarter electric vehicle (EV) sales for America’s largest automakers.
Ford Motor Company said on Oct. 1 that its U.S. sales were up by 8.2 percent year over year in the third quarter. EV sales of 85,789 vehicles marked a nearly 20 percent increase for the quarter. The company’s U.S. sales have grown for seven consecutive months.
Detroit-based General Motors (GM) also said on Oct. 1 that its U.S. sales increased 8 percent year over year in the third quarter, led in part by record EV sales of 66,501 vehicles. GM said it has delivered 144,668 electric vehicles so far this year, a 105 percent increase from the same period in 2024….