US EV Sales Hit August Record, EV Market Share Climbs To 9.9% In August

Benzinga

US EV sales set a record in August, with 146,332 units sold, according to Cox Automotive’s Kelley Blue Book. EVs captured a 9.9% share of total new car sales, up from 9.1% in July, according to Electrek. Analysts expect the third quarter 2025 to be the strongest quarter ever for EV sales, ahead of the September 30th expiration of the federal EV tax credit. Average EV transaction prices rose 3.1% from July to $57,245, though they were flat year-over-year. Incentives averaged more than $9,000 per vehicle, equal to 16% of ATP. Tesla’s ATP rose 2.9% in August to $54,468. Sales fell 6.7% year-over-year and market share slid to 38%, its lowest point ever, as competition from new EV models intensified.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:03U.S. EV sales set a record in August with 146,332 units sold, according to Cox Automotive's

00:11Kelley Blue Book. EVS captured a 9.9% share of total new car sales, up from 9.1% in July,

00:19according to Electrek. Analysts expect the third quarter 2025 to be the strongest quarter ever

00:24for EV sales, ahead of the September 30th expiration of the federal EV tax credit.

00:30Average EV transaction prices rose 3.1% from July to $57,245, though they were flat year

00:38over year. Incentives averaged more than $9,000 per vehicle, equal to 16% of ATP. Tesla's

00:46ATP rose 2.9% in August to $54,468. Sales fell 6.7% year over year, and market share slid

00:55to 38%. Its lowest point ever, as competition from new EV models intensified.

01:00For all things money, visit Benzinga.com.

Category

Transcript

Comments

Recommended