US Electric Vehicle Sales Hit a Record as Incentives Disappear
A Rivian R1S in front of a dealership.
Photographer: David Paul Morris/BloombergThe clock for US electric vehicle tax credits started ticking when President Donald Trump signed a tax law that set a September expiration date. Apparently Americans heard it: They raced to buy electric models at a record pace before the incentives wound down.
Today’s newsletter has the third-quarter sales numbers and takes a look ahead at what’s next for EVs. Plus, we interviewed an executive vice president at BYD on the Chinese giant’s plans for fast-charging stations in Africa.