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Tesla Launches Direct Rental Program to Boost EV Sales
Tesla has rolled out a direct rental program in California, letting customers rent its EVs from $60 per day with free charging and unlimited mileage. The pilot seeks to boost demand after the federal EV tax credit expired.
After the Tax Credit Ended, Here’s What Happened to EV Prices
After the federal EV tax credit expired, U.S. electric vehicle prices rose and leases declined, sparking market concerns. Yet data from Edmunds shows EV interest remains strong, suggesting the market is stabilizing toward long-term value and sustainability.
U.S. EV Sales Plunge After Tax Credits Expire
EV sales in the U.S. have fallen sharply since the federal tax credit ended, dropping from 12% to 5% market share in a month. Automakers are cutting prices and slowing production as demand cools, signaling tough times ahead for the electric car market.
GM’s Record EV Sales Come With a $1.6 Billion Cost
GM achieved record EV sales in 2025, yet announced a $1.6B loss after federal policy reversals ended key tax credits. As the automaker cuts EV production and faces new tariffs, it’s learning the high cost of rapid shifts in U.S. energy policy.
California Reaches 29.1% EV Share of Auto Sales in Q3 2025
California hit a record 29.1% EV share of new auto sales in Q3 2025, showing continued growth despite federal policy changes. With over 200,000 public chargers and expanding model options, the state remains the nation’s leader in electric adoption.
Ford F-150 Lightning Dominates U.S. EV Pickup Market as Rivian R1T Falls Behind
Ford’s F-150 Lightning remains America’s best-selling electric pickup, with over 10,000 units sold in Q3 2025. Tesla’s Cybertruck and Rivian’s R1T, meanwhile, saw steep declines, reflecting slower EV truck adoption despite broader market growth.
Hyundai and Kia Report Record-Breaking EV Sales in August
Hyundai and Kia reported record U.S. sales in August, fueled by strong EV and hybrid demand. Models like the Ioniq 5 and EV9 led growth as the federal tax credit nears its end.
Ford Mustang Mach-E Records Best Sales Month as EV Market Heats Up
Ford sold 10,671 EVs in August 2025, led by a record 7,226 Mustang Mach-Es. The F-150 Lightning also grew, while E-Transit lagged. Analysts expect strong Q3 sales before tax credits end, but Ford is preparing a $30,000 EV truck in 2027 to stay competitive.
GM Sets EV Sales Record While Warning of Sharp Decline Ahead
General Motors broke EV sales records in summer 2025, fueled by new models and tax credit FOMO. But with incentives ending, GM warns demand will cool.