EV Sales Hit Record High Ahead of Tax Credit Phaseout
U.S. electric vehicle (EV) sales surged to a record 146,332 units in August, representing 9.9% of all auto sales, as buyers rushed ahead of the September 30 expiration of key federal tax credits.
Average transaction prices rose 3.1% from July to $57,245 but were flat year over year, while incentives remained strong at about $9,000 per vehicle, twice the industry average despite easing from July’s record levels. Tesla, still the market leader, saw sales fall 6.7% year over year, its share slip to 38%—the lowest in the modern EV era—and its average price climb 2.9% from July but drop 5.5% from last year.
Analysts attribute the broader surge in EV demand to fresh model launches from mainstream automakers, motivated dealers, and urgency tied to the phaseout of Inflation Reduction Act incentives, with Q3 2025 expected to set a new all-time record for EV sales.
Driving Safety Through Empowerment: How Geotab Vitality Transformed Our Fleet Culture
At Richards Building Supply, ensuring driver safety while fostering motivation has always been a top priority, but traditional coaching methods often felt punitive and failed to build a lasting safety culture. Partnering with Geotab Vitality has transformed this approach by empowering drivers with behavioral science-backed tools, personalized feedback, and rewards for safe driving. Through the easy-to-use mobile app, drivers receive real-time safety scores, can track their progress, and earn redeemable rewards, creating a positive and proactive safety culture.
Trade Dispute and Economic Slowdown Drive Automotive Job Losses, Manufacturing Hit Hardest
The shrinking economy and unresolved trade conflict have negatively impacted automotive employment. From June 2024 to June 2025, total employment in the automotive sector and related industries declined 1.1% to 611.9k.