Lack of EV Tax Credit score Hit Hyundai & Kia Laborious in October

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There can be no shock right here. Folks within the US rushed to purchase electrical automobiles within the third quarter earlier than the $7,500 US EV tax credit score was disappeared, and which means there have been lots fewer individuals available on the market to purchase an electrical automobile in October. That’s simply the way it goes. As time goes on, EV gross sales will construct up once more, but when somebody was fascinated about shopping for an electrical automobile prior to now two months, they’d have tried to purchase one in September in the event that they had been paying any consideration.

With October gross sales numbers coming in from a few automakers now, we will see how a lot of successful the US EV market is seeing.

Listed below are numbers from Kia:

• EV6 — 508 gross sales, down from 1,732 in October 2024 and 2,116 in September 2025
• EV9 — 666 gross sales (ominous, I do know), down from 1,941 in October 2024 and 3,094 in September 2025

Listed below are numbers from Hyundai:

• IONIQ 5 — 1,642 gross sales, down from 4,498 in October 2024 and 8,408 in September 2025
• IONIQ 6 — 398 gross sales, down from 837 in October 2024 and 814 in September 2025
• IONIQ 9 — 317 gross sales, down from 0 in October 2024 and 1,075 in September 2025

So, not nice. Not good, even. Nevertheless, even within the worst month we will think about, electrical automobiles are nonetheless being bought. Let’s see how a lot the market can recuperate in November, December, and onward.