US electric vehicle sales dropped sharply in October after the expiration of up to $7,500 in federal tax credits for EV buyers, according to new data from several automakers.

Ford, Hyundai, Kia, and Toyota all reported steep declines in all-electric sales as many consumers had rushed to buy vehicles before the federal incentives ended under recent policy changes by the Trump administration.

Ford, the nation’s third-largest EV seller through the third quarter, said its all-electric sales fell 25% year over year in October. The Mustang Mach-E dropped 12%, while the F-150 Lightning slid 17%.

Hyundai and Kia, which had record EV sales in September, posted some of the steepest declines. Hyundai’s Ioniq 5 sales plunged 63% to 1,642 units, and the Ioniq 6 sedan fell 52% to 398 units. The new I

See Full Page