EV Sales Surge as Prices Fall Sharply
Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports that July EV sales surged due to price cuts and incentives, particularly from Tesla. He notes that average EV prices fell to $53,689, though gas-powered cars remain $10,000 cheaper. Demand is expected to spike before the $7,500 federal tax credit is phased out on September 30, after which sales may sharply decline.
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