May saw record high EV sales in the U.S. despite lack of incentives, as Tesla transaction prices fell 3.5% YoY.
EV sales in the U.S. hit a record high in May since President Donald Trump rescinded the former President Joe Biden-era $7,500 Federal EV Credit.
EV Sales Hit Record High, Average Transaction Price Goes Down
On Wednesday, Cox Automotive shared that the average transaction price for a new vehicle in the U.S. during May was $49,220, slightly lower than April’s $49,456 figure.
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