CleanTechnica•19 days ago
Cox Automotive Forecasts 9% Sales Decline for Tesla in USA in 2025
Key Takeaway
The forecasted decline in Tesla's US sales, driven by the expiration of tax credits, signals potential volatility in EV adoption rates and future electricity demand growth, impacting long-term planning for power developers and large consumers.
AI Summary
- •Cox Automotive forecasts a 9% decline in Tesla's US sales for 2025, despite a record Q3 2024 driven by the impending end of EV tax credits.
- •The record Q3 sales were an anomaly, as Tesla's overall performance leading into and after Q3 was not strong, indicating underlying market challenges.
- •The expiration of federal EV tax credits significantly impacts consumer purchasing behavior, suggesting that policy incentives are crucial for sustaining EV market growth.
- •A slowdown in EV sales growth could temper long-term electricity demand forecasts, particularly for charging infrastructure, affecting planning for new generation and transmission projects.
Topics
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Article Content
The 3rd quarter was a record sales month for Tesla, thanks in large part to the US tax credit for EVs ending in the 4th quarter. However, that doesn’t mean Tesla has been having a good year. Leading into the 3rd quarter, Tesla wasn’t doing well, and it surely isn’t ... [continued] The post Cox Automotive Forecasts 9% Sales Decline for Tesla in USA in 2025 appeared first on CleanTechnica .