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Live Updates  >  Live Update Details

2025-11-04 00:16:14

[Ford and Hyundai Electric Vehicle Sales Plunge in October as Trump Halts Former President Biden's Federal Tax Credit Policy] Sales of electric vehicles from Ford, Kia, and Hyundai have plummeted as many American car buyers abandoned their purchase plans before President Trump ended the tax credit for new energy vehicles. Only a few automakers have released their October sales figures, but the results show an expected early indication of a decline in electric vehicle sales following the expiration of federal incentives. Ford's U.S. electric vehicle sales fell 25% year-over-year in October, while Kia and Hyundai's U.S. electric vehicle sales saw declines ranging from 52% to 71%, with Kia experiencing a similar drop.

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