CleanTechnica•3 months ago
Loss of EV Tax Credit Hit Hyundai & Kia Hard in October
- •The expiration of the $7,500 US EV tax credit led to a significant drop in October EV sales for Hyundai and Kia, following a rush to purchase in Q3.
- •This demonstrates strong consumer price sensitivity to EV incentives, directly impacting the pace of transportation electrification.
- •Policy changes, such as the availability or disappearance of tax credits, can cause substantial volatility in EV adoption rates.
policy