EVs Surge as Buyers Claim Federal Tax Credits

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports that U.S. EV sales surged to more than 130,000 in July, up 64% month-over-month, largely driven by consumers seeking to capitalize on federal tax credits. He warns that while demand remains strong for now, the market could cool later in the year as incentives expire and supply tightens.