Home Economy US car sales get year-end boost from Trump’s threat to end EV tax credits
Economy - January 5, 2025

US car sales get year-end boost from Trump’s threat to end EV tax credits

US car sales get year-end boost from Trump’s threat to end EV tax credits

President-elect Donald Trump's threat to end EV tax credits spurred late-year electric vehicle sales, boosting an otherwise slow year for U.S. automakers. GM and Ford posted significant gains, contributing to a record 1.3 million EVs sold in 2024. However, this surge is unlikely to continue into 2025 due to potential policy changes.

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