EV Sales Rise as Trump Threatens to End Tax Credits ...Middle East

OILPRICE - Economy
EV Sales Rise as Trump Threatens to End Tax Credits
source : OILPRICE ( Middle East ) () 60
At least for the time being, EV sales are still pushing higher.  Helped along by Trump's threat to end EV tax credits, sales of EVs were up 12% in the fourth quarter of 2024, according to a new report from Bloomberg. Forecasts from researcher Cox Automotive put the year's total at 1.3 million EVs sold.  Plug-in vehicles now make up about 8% of the US car market, only slightly more than last year, despite a rise in sales from the prior quarter's 8% growth rate. A strong fourth quarter boosted total car sales, with the annualized…

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