CleanTechnica•12 days ago
Yup, Kia EV Sales Drop More Than 50% In December
Key Takeaway
Policy changes, such as the expiration of EV tax credits, can immediately and significantly impact market demand, influencing future load growth projections for power developers and large consumers.
AI Summary
- •Kia EV sales plummeted over 50% in December, following a surge in Q3 driven by the impending expiration of the $7,500 US EV tax credit.
- •The sharp decline underscores the immediate and significant impact of policy changes and consumer incentives on EV market demand.
- •This volatility in EV adoption rates could affect long-term electricity demand forecasts, influencing infrastructure planning for power developers and large power consumers.
Topics
datacenteremissionsfinancingiraoempolicy
Article Content
I think everyone expected a very bad 4th quarter for electric vehicles in the United States. With the $7,500 US EV tax credit expiring on the last day of the 3rd quarter, people flocked to dealers and websites to buy electric cars before October 1 arrived. People who might have ... [continued] The post Yup, Kia EV Sales Drop More Than 50% In December appeared first on CleanTechnica .