ByEd Garsten,
Senior Contributor.
Electric vehicle sales went into a free fall once federal tax credits expired at the end of September, but analysts predict they’re likely to see a softer landing thanks to timely parachutes from automakers in the form of discounts, incentives and broader offerings at lower price points.
It’s important to note that EV sales were abnormally high in the summer and into September as consumers rushed to beat the tax credit expiration.
In September, EVs accounted for 12.9% of new-vehicle retail sales, the highest ever, and well above the 8.5% recorded a year earlier, according to a report by J.D. Power released late last week.
