Q3 expected to have record EV sales as buyers rush to beat tax credit expiration
The third quarter of 2025 will ?likely? see record sales of electric vehicles in the United States as would-be buyers rush to use the $7,500 tax credit before it expires on September 30, Cox Automotive?s Kelley Blue Book reported this week. Electric vehicle sales were lower in Q2 of 2025 than in 2024 by 6.3%, with 310,839 new EVs sold, marking ?only the third decline on record, and a sign of a more mature market,? Stephanie Valdez Streaty, senior analyst at Cox Automotive, said in a statement. Additionally, sales of used EVs ? only a third of which had qualified for government incentives anyway before those were eliminated ? are up, with 100,000 units sold in Q2. But the real story will be what happens in Q3, where there?s ?about to be a fire sale? as consumers race against the clock, Andrew Moseman writes for Heatmap. If you?re among the shoppers, he?s got the scoop on EV deals here.
Heatmap July 16,2025
