U.S. EV Sales Jump As Federal Tax Credit Disappears

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, explains that U.S. EV sales surged in July, reaching over 130,000 units—up more than 26% month over month. He highlights that the $7,500 federal tax credit, set to expire September 30th, is driving the sales spike. McIntyre warns that EV demand will likely drop sharply once the incentive disappears.