US EV Sales Smash Records In August (electrek.co)
- Reference: 0179194778
- News link: https://tech.slashdot.org/story/25/09/12/2318235/us-ev-sales-smash-records-in-august
- Source link: https://electrek.co/2025/09/10/us-ev-sales-smash-records-in-august-as-tesla-loses-ground/
> With the federal EV tax credit set to expire on September 30, analysts say Q3 2025 is shaping up to be the strongest quarter for EV sales in US history. The current record holder is Q4 2024, when 365,824 EVs were sold.
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> Prices ticked higher, too. The average transaction price (ATP) for an EV in August was $57,245, 3.1% more than July's revised lower ATP of $55,562. Year-over-year, though, EV prices were basically flat, down just 0.1%. The wave of EV sales also helped push up the overall market's ATP.
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> Incentives, while not as high as July's record, remained hefty. EV buyers received discounts averaging over $9,000 in August, equal to 16% of ATP. That's more than double the incentive rate in the overall auto market and up from 13.6% a year ago.
A separate report from Rho Motion found that global EV sales surged 25% in 2025, led by strong growth in Europe and China. "That amounts to 12.5 million EVs, although the data combines both battery EVs and plug-in hybrid EVs for the total," [2]reports Ars Technica .
As for North America? "EV sales are still growing but barely -- up just 6 percent between January and August 2025 compared to the same time period in 2024."
[1] https://electrek.co/2025/09/10/us-ev-sales-smash-records-in-august-as-tesla-loses-ground/
[2] https://arstechnica.com/cars/2025/09/electric-vehicle-sales-grew-25-worldwide-but-just-6-in-north-america/
You don’t like government handouts? (Score:1)
How do you feel about this? [1]https://www.wired.com/story/us... [wired.com]
[1] https://www.wired.com/story/us-taxpayers-will-pay-billions-in-new-fossil-fuel-subsidies-thanks-to-the-big-beautiful-bill/
Re: (Score:2)
It sounds great and you sound like a radical leftist.
Just like liberating the populace from vaccinations cured the autism and is about to make all children healthy like it's 1890, so will fossil fuel subsidies fix the global warming hoax and get you back to the great 1960 and 1970s. You only need to name an enemy like the Soviet Union, and NATO and the EU seem to fit nicely with their rabid Leftism and anti-Russia war-mongering. Remember how the Russian Hoax started in the EU? Yeah, me neither, but that's w
Re: (Score:2)
> The US has been subsidizing fossil fuel production for more than a century. Many of the tax subsidies logged in the report—including a tax break passed in 1913 that allows companies to write off large amounts of expenses related to drilling new oil wells—have been on the books for decades.
Tax subsidies - not taking as much tax from a company as you otherwise would - is not the same as giving them other people's tax dollars. Many businesses beside fossil fuel companies get all sorts of tax breaks from all levels of government to create jobs, growth, and spinoff spending. Sometimes jurisdictions even compete based on favorable tax treatment. Not saying it is good or bad, just that it is a thing and is not specific to the fossil fuel industry.
Because the subsidy goes away in October (Score:3)
So the cost of an EV shoots up by 7,500. I would expect sales to drop substantially then.
Also I think Tesla is in deep deep trouble. Best case scenario their CEO is going to take $29 billion dollars out of the company in the form of stock options that he clearly intends to sell. If he can get away with it he'll take 55 to 59 billion, which is more than the company has ever made.
Meanwhile Tesla has never been profitable without government subsidies except for a very brief window during the covid lockdown when they were the only ones with cars to sell because they don't know how to do inventory management and they had overstocked on parts. One of those cases where they failed up, much like their CEO.
I suspect it'll take a while for the stock to collapse because so many people bought into it when it was already overpriced and everybody is desperately trying to figure out how to get out of it without losing their shirts.
In the past you would just dump it on pension programs but there's been so much of that in the last 50 years they simply don't have the money.
I suspect they will find a way to dump it into everybody's 401ks. Eventually wiping a lot of them out.
Re: (Score:2)
My reaction whenever I see a Tesla is that I feel like sticking a little note under the windshield wiper. Something like:
"Are you pro-life? Owning this car makes me think you support starving innocent children to death. Do you even know how many kids have died? Or care?"
Or some kind of WWJD joke? What would Jesus drive? Probably not a Tesla.
Re: (Score:2)
> What would Jesus drive? Probably not a Tesla.
Him being a native of Bethlehem, a Palestinian town, he'd probably be driving his own two legs most of the time, or a donkey when available, just like he did 2000 years ago.
This time around, however, the Pharisees would just bomb his village, killing him, his apostles, that prostitute and his mother and father at once and not bother with bringing him to a trial before Huckabee, wood, nails, thorns, vinegar and the spear.
On the plus side, we'll see the resurrection on a live Tiktok stream.
Re: Because the subsidy goes away in October (Score:2)
Heck yeah! Then you probably roll coal on them, leavinbg a coexist shaped cloud of unburned fuel in your wake. Right before the whole neighborhood stands up and claps for you.
Re: (Score:2)
Considering that TSLA is overvalued by arguably 95%, based on fundamentals, any institution that buys into it or even holds it must be engaged in some kind of fraud. Either that or criminal negligence.