US EV Gross sales Soar 20% in July

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Kelley Blue Guide got here out with its month-to-month US auto gross sales report this week. As a part of that, it report leaping electrical car gross sales within the nation. We’ve to attend till subsequent week for many of the particulars, however KBB put out just a few key stats.

US EV gross sales had been up 20% yr over yr in July. They surpassed 130,000 gross sales, making it the second-highest EV gross sales month in historical past in the US, and the best mid-year gross sales month ever.

The excessive gross sales should not an enormous shock. For one, EV gross sales have been rising fairly persistently for years. Moreover, they’re in all probability being supercharged in the meanwhile because of coming coverage adjustments. The US EV tax credit score goes to finish on October 1, so there must be a rush of EV patrons by means of September, and plainly rush already began in July.

Thirdly, EV costs dropped significantly in July. “EV incentives soared in July, as automakers and sellers labored to maneuver stock previous to the decline in authorities assist. The typical incentive package deal for an EV in July was 17.5% of ATP, a report within the fashionable period of EV gross sales and better yr over yr by greater than 40%.” Wow. That can assist transfer steel and plastic. It’s not clear how a lot of that was Tesla (which accounts for about 50% of the US EV market) reducing costs versus different auto sellers reducing costs. Really, it’s not clear if KBB finds a solution to work Tesla reductions into this evaluation in any respect. Although, one can see that Tesla’s common transaction value (ATP) was down by greater than $5,000 in July 2025 versus July 2024.

Right here’s a remaining assertion from a KBB rep on July’s EV soar: “The urgency created by the administration’s choice to sundown government-backed, IRA-era EV incentives was anticipated to create severe demand for EVs within the quick time period. If final month is any measure: Mission Achieved. July gross sales had been close to an all-time month-to-month report. At this tempo, Q3 would be the greatest ever after which some, as patrons soar in earlier than the massive incentives dry up,” Stephanie Valdez Streaty, Senior Analyst at Cox Automotive, mentioned. Certainly.