US EV Sales to Fall Nearly 38% YoY in November, JD Power Forecasts

US EV Sales to Fall Nearly 38% YoY in November, JD Power Forecasts

A new study by J.D. Power released on Thursday projects that US electric vehicle sales will drop 37.6% year over year in November, continuing the decline triggered by the EV tax credit deadline on September 30.

U.S. EV sales sink after federal incentive ends

October delivered a sharp pullback in the U.S. electric-vehicle market as the federal EV tax credit expired, ending three months of accelerated demand and pushing both new and used EV inventories higher, according to a Cox Automotive report.  Buyers in the U.S. who rushed to secure incentives in September left a gap that quickly showed up in October sales. New EV sales fell to an estimated 74,835 units, down 48.9 per cent from September and 30.3…