Well, we knew it was coming. High EV sales in the third quarter were largely the result of consumers trying to take advantage of the federal tax credit, which fell away at the end of September in the United States.
Industry analysts warned that a sharp decline in EV sales would follow, and based on the first October sales results from Hyundai and Kia, they were right. Both Korean brands still saw strong sales of gas- and hybrid-powered models, but it was a completely different story for their EVs.
More, here.
