From 24/7 Wall St. · Douglas A. McIntyre · · 50s
America's EV Plans Have Died
US electric vehicle sales plummet after tax credit expiration.
In brief
US electric vehicle sales plummet after tax credit expiration. US electric vehicle sales fell 30.7 percent through first nine months of 2026 after $7,500 tax credit expired. Originally reported by 24/7 Wall St..
EV sales decline
US electric vehicle sales fell 30.7 percent through first nine months of 2026.
“US electric vehicle sales fell 30.7 percent through the first nine months of 2026”
Tax credit expiration
The $7,500 EV tax credit expired on September 30, 2026.
Price gap
Average new EV price was $54,754 versus $50,089 for all new cars.
Ford's response
Ford sold 509,764 vehicles in Q3, down 6.5% with no new EVs until 2027.
Market share
Tesla holds over 50% of US EV market with falling unit sales.
Challenges
EVs have limited range, scarce charging stations, and tire wear issues.
The key point
US electric vehicle sales fell 30.7 percent through first nine months of 2026 after $7,500 tax credit expired.
