EV Armageddon? Tesla, GM, Ford EV sales will be cut in half when tax credit expires, analyst says.

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':"";if(a){var r=n.promos.showYahooLogo?"":"yns-no-logo";a=a.replace("{notifOnboardBtnLabel}",n.promos.notifOnboardBtnLabel).replace("{notifOnboardMsg}",n.promos.notifOnboardMsg).replace("{subscriptionTopic}",n.promos.subscriptionTopic).replace("{noLogoClass}",r).replace("{promoLogo}",n.promos.promoLogo)}var s=t.newCount>n.panel.maxCount?t.newCount:"",c=n.panel.notificationCenterPath,l=c?"":P,u=n.panel.headerMsg?"":" "+P,d=c?R:"",p=void 0;t.count?p=t.markup:p='{emptyPanelMsg}'.replace("{emptyPanelMsg}",n.panel.emptyPanelMsg);return e=e.replace("{notifMarkup}",p).replace("{promoMarkup}",a).replace("{hideClass}",l).replace("{notifCenterLink}",c).replace("{paddingClass}",d).replace("{headerMsg}",n.panel.headerMsg).replace("{hideHeaderClass}",u).replace(/{notificationCenterNavMsg}/g,n.panel.notificationCenterNavMsg).replace(/{newCount}/g,s)}},{key:"render",value:function(e,t){var n=this;if(n._panelNode){var o=void 0,i=n._panelNode,a=void 0,r=void 0;switch(e){case"expanded_panel":o='{promoMarkup}{notifMarkup}',r=n._store.getNotifications(),a=n._generatePanelMarkup(o,r),i.innerHTML=a;break;case"error_panel":a=(o='{errorMsg}').replace("{errorMsg}",n._config.panel.errorMsg),i.innerHTML=a}t&&t()}else t&&t(new Error("No panel parent"))}},{key:"createPanelParentNode",value:function(e){e&&(e.innerHTML='',this._panelNode=document.getElementById(D))}},{key:"updateBadgeNode",value:function(e){if(e){var t=this._store.getNotifications().newCount,n=this._config.badge.maxCount;if(t){var o=t>n?n+"+":t;e.innerHTML=o}else e.innerHTML=""}}},{key:"addStyles",value:function(e){if(e&&"undefined"!=typeof window){var t=document.getElementById(this._config.panel.styleTagId);t||((t=document.createElement("style")).type="text/css",t.id=this._config.panel.styleTagId,t.innerText=e,document.head.appendChild(t))}}}]),e}(),U=function(){function e(t,n,o){L(this,e);var i=this;i._store=n,i._view=o,i._config=t;var 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jt={"dropdown-open":"_yb_1qr55t8","merchant-is-selected":"_yb_hpfgev",overlay:"_yb_1t4opbo","selected-merchant-clear-button":"_yb_sdzekv","shops-buttons":"_yb_1gmhi8h","styled-select":"_yb_1fed2vs",tooltip:"_yb_156j5sr","tooltip--show":"_yb_t94u7s",tooltip__text:"_yb_149d3c6",tooltip__voice:"_yb_rkldcd",tooltip__web:"_yb_1bze76z",dark:"_yb_of9a42",darker:"_yb_1br2rz9",light:"_yb_p0373k","search-border-gradient":"_yb_109k2ga","search-border-gradient-hover":"_yb_vljmzl",midnight60:"_yb_1o792pg","search-input-uh3-hover":"_yb_15ox84z","search-input-uh3-focus-visible":"_yb_1e6541m","sa-btn-bar":"_yb_1axm66t","searchbox-icon-uh3":"_yb_1uef33k",empty:"_yb_owcm9n"},Yt=function(e,t){var n=Math.max(e,t),o=Math.min(e,t),i=Math.abs(n-o);return h([],y(new Array(i+1)),!1).map((function(e,t){return o+t}))},Ft=function(e,t,n){var o=e.getConfig().bucketConfig,i=(void 0===o?{}:o).enable_search_ui,a=void 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n=e.getConfig();"smartphone"===n.device&&("finance"===n.property&&"crunch"===n.ytheme&&e.addElementListener(t.searchInput,"click",(function(){var n,o;n="search_input_focus_click",null!==(o=ae())&&(ne[n]||(ne[n]=o)),e.addElementListener(t.searchForm,"click",(function(){if(t.ybar){if(t.ybar.classList.contains("ybar-searchbox-assist-fullscreen"))return;t.ybar.classList.add("ybar-searchbox-assist-fullscreen"),t.ybar.classList.add("ybar-searchbox-assist-fadein")}if(!document.documentElement.classList.contains("ybar-overlay")){document.documentElement.classList.toggle("ybar-overlay"),document.body.classList.add("ybar-overlay-noscroll");ee("ybar","websrch","",{elm:"expand",subsec:"searchbox",itc:"1"})}}))})),e.addElementListener(t.searchBoxPlaceholder,"click",(function(){Ft(e,t)})),e.addElementListener(t.searchBoxPlaceholder,"keydown",(function(n){var o=n,i=o.keyCode,a=o.key,r=Yt(65,90),s=h(h([],y(Yt(58,57)),!1),y(Yt(96,105)),!1),c=h(h([],y(r),!1),y(s),!1).includes(i);(32===i||13===i||c)&&(n.preventDefault(),n.stopPropagation(),Ft(e,t,c?a:""))})),t.searchBoxBackButton&&(e.addElementListener(t.searchBoxBackButton,"click",(function(e){e.stopPropagation(),window.YAHOO&&window.YAHOO.SA&&window.YAHOO.SA.apps&&window.YAHOO.SA.apps[0]&&(window.YAHOO.SA.apps[0].view.resetQuery(),window.YAHOO.SA.apps[0].view.hide()),zt(t);ee("ybar","back-close-srch","",{elm:"btn",subsec:"searchbox",itc:"1"})})),e.addElementListener(t.searchInput,"keyup",(function(e){e.stopPropagation();27===e.keyCode&&(e.stopPropagation(),zt(t))}))),e.addEventListener("viewerClosed",(function(){zt(t)})),e.onDestroy((function(){zt(t)})))},Gt=function(){function e(e,t,n){t&&(this.ybar=e,this.elem=t,this.options=n,this.show=this.show.bind(this),this.hide=this.hide.bind(this),this.addEventListeners())}return Object.defineProperty(e.prototype,"tooltip",{get:function(){var 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t,n=e.getConfig(),o={ybar:document.getElementById("ybar"),searchInput:document.getElementById("ybar-sbq"),buttonBar:document.querySelector(".".concat(jt["sa-btn-bar"])),searchForm:document.getElementById("ybar-sf"),searchBoxIcon:document.querySelector(".".concat(jt["searchbox-icon-uh3"])),searchBoxPlaceholder:document.getElementById("ybar-smartphone-searchbox-placeholder"),searchBoxBackButton:document.getElementById("ybar-search-back-btn"),shopsButtonsWrap:document.querySelector(".".concat(jt["shops-buttons"])),categorySelect:document.getElementById("shops-category-select"),selectedMerchantInput:document.getElementById("selected-merchant-input"),selectedMerchantClearButton:document.querySelector(".".concat(jt["selected-merchant-clear-button"])),submitSearchBtn:document.getElementById("ybar-search"),clearSearchBtn:document.getElementById("ybar-sbq-x"),searchGradientBorder:document.querySelector(".".concat(jt["search-border-gradient"]))};if(function(e,t){var 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Gt(e,o.submitSearchBtn,m(m({},Kt),{label:null!==(t=n.i18n.root.SEARCH_TOOLTIP_WEB)&&void 0!==t?t:"Search the web",containerClass:"".concat(jt.tooltip," ").concat(jt.tooltip__web),tooltipParentElm:o.clearSearchBtn.parentElement}))}));var Jt="_yb_tdk4ba",Vt="_yb_hkd17a",$t="_yb_rtzclf",Xt="_yb_tdbhj6",Zt="_yb_de52ef",Qt="_yb_9hwrey",en="_yb_slc8ta",tn="_yb_bf0svp",nn="_yb_hjic9z";be("ybar-mod-adaptivenav",(function(e){var t=document.querySelector("#ybar-l1-more-menu ul"),n={moreDropDown:document.querySelector(".".concat(Jt)),moreBtn:document.querySelector(".".concat(Vt)),wrap:document.querySelector(".".concat(Xt)),moreSectionTitle:document.querySelectorAll(".".concat(Zt)),editionsCtaBtn:document.querySelector(".".concat(Qt)),editionsMenu:document.querySelector(".".concat(en)),closeBtn:document.querySelector(".".concat(tn)),moreMenuDropDownHeight:t?"".concat(t.offsetHeight+48,"px"):"0"};new 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Sales of EVs in the US are expected to be cut in half compared to current levels, at least according to one highly regarded analyst.The new guidance put forth by the Internal Revenue Service (IRS) does provide some wiggle room for EV buyers to take delivery after the Sept. 30 deadline. But once those deals are completed, moving EV inventory could be a hard slog.“So I think you're going to see third quarter EV sales probably go up slightly, or at least remain strong, simply because people who want to buy one are going to jump in before that Sept. 30 deadline,” iSeeCars.com executive analyst Karl Brauer told Yahoo Finance.But after that is a steep sales falloff.“I think then ... we're going to see a pretty big drop," Brauer said. "I could see US [market share] dropping well below 4% immediately after the Sept. 30 incentive goes away and maybe settling in the beginning of 2026, around 4%,” he said.Look out below: A selection of 2025 GMC Sierra EV Denali pick-up trucks, which are fully electric vehicles, are displayed at a GMC/Hummer truck dealership, Friday, July 18, 2025, in Manchester, N.H. (AP Photo/Charles Krupa) · ASSOCIATED PRESSA 4% EV market share would be half of where it stands now. Cox Automotive reported that the surge in EV demand actually pushed EV market share in August to 9.1%, with sales up a whopping 20% year over year for the month to over 130K EVs sold as buyers rushed in before the tax credit expiration.Brauer — who spent 19 years as editor in chief at Edmunds, and executive publisher at KBB's Autotrader, among other publications — sees the situation as dire for EVs, at least compared to other studies.Last year, an analysis by UC Berkeley professor Joseph Shapiro found that EV sales in the US would drop 27% if the federal EV tax credit were removed, compared to a scenario with the credit in place.Read more: Tesla car insurance: How to shop and saveNot surprisingly, thanks to the rush to take advantage of incentives, GM reported on Tuesday that its August EV sales touched a new monthly record — more than 21,000 EVs sold under its Chevy, Cadillac, and GMC brands.“There’s no doubt we’ll see lower EV sales next quarter after tax credits end September 30, and it may take several months for the market to normalize, GM North America senior vice president Duncan Aldred said in a statement. “We will almost certainly see a smaller EV market for a while, and we won’t overproduce. Still, we believe GM can continue to grow EV market share.”iSeeCars’ Brauer believes GM and others will try to keep sales momentum going by cutting into margins with discounting.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,519.00 +8.25 (+0.13%)Dow Futures45,712.00 +24.00 (+0.05%)Nasdaq Futures23,724.75 +56.75 (+0.24%)Russell 2000 Futures2,383.20 -0.10 (-0.00%)VIX15.30 -1.05 (-6.42%)Gold3,611.00 +4.30 (+0.12%)PortfolioSign in to access your portfolioSign inTop gainersAEO American Eagle Outfitters, Inc. 18.79 +5.17 (+37.96%)CIEN Ciena Corporation 116.92 +22.10 (+23.31%)SNDK Sandisk Corporation 62.50 +9.49 (+17.90%)OPEN Opendoor Technologies Inc. 5.96 +0.83 (+16.18%)MLYS Mineralys Therapeutics, Inc. 33.12 +3.87 (+13.23%)Top losersFIG Figma, Inc. 54.56 -13.57 (-19.92%)AGIO Agios Pharmaceuticals, Inc. 36.13 -4.48 (-11.03%)SMR NuScale Power Corporation 36.03 -4.39 (-10.86%)TMC TMC the metals company Inc. 5.12 -0.55 (-9.70%)BLSH Bullish 49.01 -5.25 (-9.68%)Most activeOPEN Opendoor Technologies Inc. 5.96 +0.83 (+16.18%)NVDA NVIDIA Corporation 171.66 +1.04 (+0.61%)AEO American Eagle Outfitters, Inc. 18.79 +5.17 (+37.96%)SOUN SoundHound AI, Inc. 13.29 +0.55 (+4.32%)RIVN Rivian Automotive, Inc. 13.70 -0.74 (-5.12%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersAVGO Broadcom Inc. 306.10 +3.71 (+1.23%)LULU lululemon athletica inc. 206.09 +7.56 (+3.81%)OPEN Opendoor Technologies Inc. 5.96 +0.83 (+16.18%)DOCU DocuSign, Inc. 76.24 +0.34 (+0.45%)PATH UiPath Inc. 10.85 -0.03 (-0.28%)Top economic events