Automakers Warn U.S. EV Sales Could Halve After $7,500 Credit Expires

Benzinga 2025-10-03

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Automotive leaders warn U.S. EV sales could collapse after the $7,500 federal tax credit expired September 30. Ford’s CEO expects sales to drop to 5% of the market, while Nissan cited “super-brutal” competition as inventory builds. Automakers are relying on leasing programs and price cuts to offset weakening demand.
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