US sales of electric vehicles decline after subsidies are removed

According to data given by automakers on Monday, the termination of federal tax incentives in October caused significant losses in EV sales in the US.

According to a statement from Ford, the third-largest EV producer in the US behind Tesla and General Motors (GM), demand for EVs fell by about 25% in October, from 6,264 units in October 2024 to 4,709 units in October 2025.

The F-150 Lightning pickup truck saw a 17% decline in demand, while the Mustang Mach-E sports car saw a 12% decline.

The elimination of tax subsidies also hurt hybrid sales, which dropped 4% to 17,498 units.

According to the Toyota Group, sales of hybrid and electric cars increased by 0.3% last month, from 93,400 in October 2024 to 93,670. Nonetheless, there were significant losses among fully electric cars.

Last year, 1,401 units of the Toyota BZ4X electric vehicle were sold; in October, that number dropped to 18. Conversely, the plug-in hybrid model saw a 35.1% decline in sales, while the original Prius hybrid saw a 62.4% decline.

Sales of Toyota Group automobiles increased 11.8% overall to 207,910 units.

In the meantime, demand for Hyundai products from South Korea decreased by 2% to 70,118 vehicles, with the company’s electric Ioniq 5 and Ioniq 6 models seeing declines of 63% and 52% in sales, respectively.

In October, sales of Kia vehicles from South Korea increased somewhat from 68,908 to 69,002 units. But there were also notable drops in its electric cars. Market share declined by 70.6% for the EV6 and 65.6% for the EV9.